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Buying Process discussions and advice. Participate in ongoing dicussions and get invaluable Buying Process advice from people who are experts in their industries or start a new Buying Process discussion.
PAKISTANI-1
( 3019 posts )

[18 Replies]
A million dollar at the moment is whether people should buy real estate now or later.

B.E.F.O.R.E
Elections 2013 or
A.F.T.E.R??

I think there are two possible scenarios in relation to elections 2013:

1. Prices will rise dramatically
(if any political party which is seen as business friendly wins at least 50% seats)

Or

2. Prices will become slow but will not drop
(if no party is able to win 50% seats so that there is no clear winner and there is politics of make and break, lotacracy and dispute between centre and provinces)

So it is a good time to buy because prices will not drop but can increase if we are lucky enough to get any clear winner who is considered pro-business.

What is everyone's opinion?

    2294 days ago In Buying Process
    Post Answer
    Mohammed
    (136 posts)
    Best Reply
    Elections is a big business activity with around 20000 candidates in the field at present. If only 50% are left in the field on election day than there will be 10,000 candidates. If on average each candidate spends 1-2 million rs the amount of money poured in the economy during the electioneering period should be around 10,000 -20,000 million at least. Each candidate and their supporters will be looking for ready source of cash during this period. One of the sources of cash is real estate. So by this logic during the electioneering period there should be a dip in the price during the electioneering period with more activity on selling.
      2292 days ago 

      Salman
      (83 posts)
      Literally a million dollar question :). I have some money to invest and i cant decide. Cant wait for rest of the members to give their opinion.
        2293 days ago 

        Mirza
        (71 posts)
        Well, i think, the property prices will increase after elections but the difference will be that if any business friendly government comes then prices will jump high and if other people come then the normal rise will come.
        As you all may have noticed, the rise in property prices has started for last one year. At the moment it is very slow or stopped but not declined. So in my opinion, i don't see anything which will affect the property prices to go down after elections.
        But as the prices r now stopped, then i think this is the best time to invest because after elections a sudden jump will definately come because any new government will do many promises with people and market will boost up.
          2292 days ago 

          Talib-e-ghil..
          (248 posts)
          In pakistan one should try not to be too athematical like wallstreet. In us stock market fo rthat matter many other businesses flourishes and wane on the financial gurus speaking about this like this.. Election.. Wars.. Petrol prices and bla bla bla but us got money california alone is no 9th economy in the world they might be bankrupt as a nation but any one with decent credit score can get a loan and purchase something big there.
          In pakistan it is all the cash in hand and for that matter if the supply is more than the demand then prices will come down. The recent stalling of the momentum of price hikes in islamabad is mainly due to oversupply and scarcity of potential buyers.
          I personally think inshaallah the prices in islamabad will not be affected much by government rather slightly affected and then go down no matter what the government is or want as the current prices are not realistic for a poor country like pakistan.
            2292 days ago 

            Zeeshan
            (3 posts)
            Hi all,

            In my opinion the prices will remain somewhat stable during the election period with a little dip at most .

            As everyone has said, the results will have a huge impact on prices in the future.

            I believe investing now or in a months time will not make a huge difference, however as per my reports the prices are staying stable although market is slowing down a little.

            One piece of news i have is that files in dha phase 9 balloting might happen in the coming few months so maybe buying now is not a bad option although the prices have touch 40 lakh already.

            Regards,
            Zeeshan
              2292 days ago 

              Talib-e-ghil..
              (248 posts)
              2007-8. The guy was saying the foreign remittance from usa alone for that year was 6 billion dollars and that he was happy that it rose to 9 billion us$. I might be remembering it not very correctly( the exact amount) but there was a huge difference in one year in terms of foreign remittance from usa alone. One could think with a country like pakistan which has mashaallah such a huge diaspora spread across the globe and mashallah very rich ones too, once could expect a huge spike in foreign remittance from the western/gulf region to our tiny economy inshaallah. That being in situation if the government is pro pakistan and with max majority. Inshallah that could really swell the cash flow and real estate being the safest and probably the only avenue to invest for most overseas pakistani you can expect what that could do to prices n islamabad.

              Sinfull
              To allah do we belong and to allah shall we return
                2292 days ago 

                PAKISTANI-1
                (3019 posts)
                I agree with mohammed's reply above.

                A lot of cash and liquidity have gone into elections activity and investors are 'investing' in the campaigns of their favorite candidates. After elections, funds will gradually start moving back to real estate property. Then prices will start rising again.

                If there is a clear winner and a pro-business political party, then local investment and overseas pakistanis savings will find their way into real estate and real estate will take a jump.

                So it is a good time to invest now.
                  2292 days ago 

                  AJ
                  (564 posts)
                  I agree with Zunail and Pk1 but one should keep in mind that buying property is long term investment.If anyone want to make quick money through property, he should be very lucky, additionally and more importantly he should have insider information from big property pundits.

                  I personally feel buying property in pakistan, specially in islamabad and in big housing society projects, there is very little chance of loosing money as people buy property with full equity, not on mortgage.Buy at any time, but property should be selected carefully with thorough research.

                  According to my information, property in some areas is still rising and I think after elections property will rise further, as more money from abroad would be coming.New Government will try it s best to attract foreign investment, overseas Pakistanis would have more confidence on new government,
                    2292 days ago 

                    PAKISTANI-1
                    (3019 posts)
                    Arshad bhai i agree with your point about very careful selection of where to invest in pakistan's real estate sector. However, i dont think you need any secret info or insider info. It is all about how you judge and compare particular investment opportunities.

                    You may be considering 3 or 4 investment opportunities before taking a final decision. For example, your choice may have to be between (i) b-17 e block; (ii) pechs; (iii) cabinet society; (iv) f-16 etc.

                    The way in which you have to make your decision is by considering (i) what is your budget; (ii) are you investing for constructing a house (iii) how soon do you plan to build the house; (iii) if purely for investment, then how soon do you need to encash your investment; (iv) do you need the house for retired life or for working life; (v) if for working life, how much is your income and expenses - can you afford the petrol for daily commute from a long distance (vi) if for retired life, then it may be useful to buy a big plot even if it is at a distance from the city center etc. Etc.

                    To help you take your final decision, you can discuss with society officials, and also talk to a number of property dealers who work in each of the sectors you are considering and most importantly you have to visit the localities and see what is the trend of buying and selling and how many other societies in the neighboring areas and how many houses already built there.

                    Finally you can pose your questions on zameen website and do a word search to read everything that has been posted about the sectors y ou are considering. All of this can be done in 2-3 weeks.

                    Then you should do istikhara yourself for 7 days at least and then finalise your decision and go for it. Insha. Allah you will then benefit a lot.
                      2287 days ago 

                      AJ
                      (564 posts)
                      Pk1, i always like your comments man.You talk through logic, you always do your research and give advice with sincerity.There are few on forum which gives some sweeping statements without any research and knowledge which can mislead to genuine investors.I appreciate your comments man.
                        2287 days ago 

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