More trouble for property market as i predicted. Real accountability has started and all culprits are running away now.
Property market crashing big-time. Good for genuine buyers and commercial business community.
Dear JDM,
Ahad Cheema to aik Mohra ha.Aage aage dekho hota hai kya.Khawaja ior Sharif khatra ma aana wala hain.
Regards
Totally agree Nadeem Sb. It is long over-due. A clean economy and clean real estate market can't be formed on the basis of loot and plunder.
Property prices are too high already, small businesses are closing doors due to high rents. Middle class people are working only to pay rents these days. No country can prosper like this. Property market must have its highs as well as it's lows.
FBR should start sending audit calls to everyone who owns multiple properties, if their source is legitt, they should have no worry to explain its ownership.
Sir, I don’t think any appreciable decrease in property prices will happen. The real culprit don’t keep properties on their name also they have so many ways to hide it, in the name of any company etc. Jb tk NTN number CNIC ne ho jata kuch ne ho skta…
Yes, Naeem. CNIC should be declared as NTN and everything must be tracked through that.
So now we know this Cheema guy is front man of showbaaz sareef.
Today's press conference that morally bankrupt media failed to show.
https://www.youtube.com/watch?v=sA3Rlf_UJQI
Bhai app ko ajj patha chla ha?I replaid you first.Abi to Abid boxer na be salami dani ha.
Agar NAB na dabao na lia to cheema tota ki trha far far bola ga ior khawajaa,Ranaa ior sharifon ka mask lagha bahut sara badmashon ko ragra laga ga.
Regards
No one is any Angel...
https://nation.com.pk/24-Feb-2018/88-acre-land-allotment-to-ex-coas-questioned-in-senate
Why not to ask COAS about this:
https://nation.com.pk/24-Feb-2018/88-acre-land-allotment-to-ex-coas-questioned-in-senate
and not to forget, Ashfaq Kiani's brother in DHA City Scam... They must be behind the bars too, but are too sacred to even question!!
Bhai hamari Army kon se doodh ki dhuli hui ha.Everybody know lot of army retired officers working under MR that's why he is always feel safe.
there is lot of internal matters which can't discuss over here.
Regards
Sir, the point is get all the chors across the board, otherwise no solution, these same people will back with
The problem is if any one get caought he start pointing on some one else, that he was also doing.
Ok but lets start somewhere and give punishment to few big fishes to start with, otherwise cannot put 20 crore people in jails in one time.
yes no one is dodh ka dhula, but some are swimming in dodh.
Generals ho, IK ho ya maryam pagal sareef, strict accountability must hai.
Saree Haramkhor mittao, Pakistan bachao.
If culprits are not held accountable, clean economy will not be formed and Pakistan will fall behind India. India already working on 15 year plan to make Pakistan totally irrelevant in this region. Pakistan's existence will not matter if these people stay in power for any longer.
More to follow, in today’s DAWN FBR started auditing the real estate investments in the country.
Just Google FBR to eye jackpot in ISB property Audit. The forum is not allowing to paste the link.
It's another story that spammers get approved with tons of links here but geniune link is prohibited
Is property bubble going to bust?
loudly thinking
most of the ill gotten money is parked in real estate buisness either in Pakistan or overseas. If NAB goes on hunting spree may see panic selling and drop in real estate prices.
Imtiaz Sb.
Were you trying to share this link?
https://www.dawn.com/news/1391551
FBR eyes jackpot in Islamabad property audit
BTW, 34 plots founded by NAB which are in this cheema guys name with each worth from 1.5 to 2 crore. Culprits like these should be prosecuted to the full extent of the law.
Exactly, JDM!
I see at ghar47 website that property prices are crashing. I see in Karachi, plots have decreased in price and house prices seem to be more of stagnant now. How is situation in Lahore and Islamabad?
This is what is written in the post:
Pakistan property market is crashing now | Property prices are falling | Bursting of Real estate bubble
Pakistan real estate sector was in bubble phase as the property prices were highly unaffordable. High property prices were only due to the massive influx of black money. But after Panama Case Decision, investment in reality sector has decreased as no one can dare to acquire assets beyond means. Due to which real estate bubble has collapsed and property prices are falling. NAB is also investigating illegal housing schemes & land grabbing nationwide. As Pakistan property market is crashing now, let’s see its effects.
Buyers, sellers & realtors
There are no buyers in the market but just the desperate sellers. Sellers want to sell their properties at any cost to avoid more losses. Buyers are waiting for the more price fall so that they can buy properties at record low price. Real estate agents are closing their agencies due to low sale volume. The only income of realtors is the commission from renting out properties.
Property price fall
Property prices are falling in all major cities of Pakistan. At the moment property prices are 15-20% down from the peak in early 2017. But price fall is not same in every area. Price fall is more in the areas where day trading and speculation was high. Similarly high end properties are hit hard whereas properties worth up to 10 million are just witnessing the price stagnation.