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Investor
( 168 posts )

[46 Replies]
People who are looking to buy plots for investment in pakistan better look elsewhere as the pakistani rupee has devalued so much that my 6 years of investment is in the loss right now even though plot value has doubled. Well done imran khan.

    100 days ago In Where to Buy
    Post Answer
    Imtiaz
    (1956 posts)
    Sir, I will have to agree in principal to the devalued PKR, crash we must say to meltdown the economy. Yes, that has been due to political turmoil and the way what happened post 2017.

    Just to add: If the plot price has doubled that is still at profit, though gains burning-off fast. From Mid 2014 to now, any plot/asset that has been doubled in its value will start losing (per USD) when USD crosses the 201 PKR mark. USD on Aug 22, 2014 stood @ 100.64 PKR approx.
      100 days ago 

      Isloo1
      (846 posts)
      Investor bro, my sympathies with you.

      Pakistani rupee has already devalued heavily so your warning is little too late and may send new overseas investors to loss because Pakistani property market is all set to climb again. And there are no signs of immediate [major] devaluation. At least this is what I am reading.

      "Investment is the game of timing." --(Isloo)
        100 days ago 

        Abdul Qayyum
        (2357 posts)
        Agreed to Iskoo1 sb
        We bought 2 kanal plot with 1 kanal extra land in phase-8 for bzness.
        Was dead silence up to start of this month.
        Now parties are putting offers with good profit. This may be due to extra land and location but one party even visited my house to make a deal.
        Even there is a slight rise showing up in the slowest DHA project DHA valley in hot blocks in the last 14 days.
          99 days ago 

          Isloo1
          (846 posts)
          Abdul Qayyum sb,

          Just hold off couple of months, this will give you good profit, IA. I've been reporting on other threads that Lahore DHA possession phases already jumping high. There's 4-fold increase in daily transfers at DHA office. Shows signs of recovery that may expand into Rwp/Isl. Whether this sustains or not, we'll know it after December.
            99 days ago 

            Abdul Qayyum
            (2357 posts)
            Noted Isloo sb

            My boys are working to start another plaza in overseas-5 and if I could get commercial plot there, I would settle at latest good offer , may not be best one but bzness surpasses solid investment versus wait.

            Pls do reply if you could connect us with a commercial plot deal in overseas-5

            Do nou worry about price, we know the prices Alhamdolillah.
              99 days ago 

              Taimur
              (10 posts)
              Yes, this is true. Keeping in view the devaluation of rupee investment in property is no longer a profitable business. Even stocks are hovering around 40k. Those had reached 54k before dharna and political turmoil. This is not only for foreign investors but even for Pakistanis. If inflation is 11% or more then in the end it is net loss.
                99 days ago 

                Isloo1
                (846 posts)
                Taimur, your overall point regarding economic melt-down is understood. However, in the strict sense of speaking, a foreign investment is immune to local inflation as the money has to be repatriated back in dollars and not spent in the local market where it has lost its purchase power due to inflation. This is my understanding as a "non-economist".

                  99 days ago 

                  Imtiaz
                  (1956 posts)
                  The ultimate question is: How far will USD escalate against PKR, in foreseeable future, let's say FY 2010-2021?

                  PKR is fragile to the point that only 1 BN USD (out of 12), that too Borrowed to Repay has slided the PKR in just a couple of days!

                  So far, since Mid 2018, there is only 1 clear winner of USD vs Real Estate! and that 2 - 0 for now!

                  Real Estate did see multiple down turn in current decade but the existing one is unprecedented due to a combination of Devaluation, Inflation, GDP fall just to name a few!

                  General Dilemma:
                  Residents can't save enough | Overseas don't see the value to encash their foreign reserve into local asset.

                  -----
                  In last 2 years, each USD yielded 47+ PKR as profit and it's a universal asset with time to cash = 0. One can do the math to correlate how much their RE asset gained (subtracting factors like taxes, transfer fee, commissions, time it will take to liquidate).

                  As much as I am a Real Estate Investment advocate, I see USD giving PKR a bloodbath when IMF and other lenders start to recover their bucks from next Fiscal Year!

                    99 days ago 

                    Farooq
                    (1 post)
                    Hi,i have a 1 canal plot in phase 9 prism which i bought in dec 2019. Now the dealer is saying to sell it and get the profit. Buy it again after 5 to 6 months with the lesser price.



                    what do you think of the market after 5 or 6 months.

                    or is this a good time to sell.



                    Regards
                      87 days ago 

                      Nadeem Ahmed
                      (4449 posts)
                      Dear Farooq,

                      Hold it and don't listen Dealer because it not selling time.

                      Regards
                        87 days ago 

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