@Rauf Khan, there is actually nothing to "predict" when economy is on complete free fall. Just look at the Economic Survey released by PTI govt today for its own time in the office. This presents horrible picture of all the targets widely missed. They can not blame anyone for this poor performance.
@Sohail Khan, I'll take your advice bro, and leave this forum to "like-minded" and good-intentioned morons. If that's what you suggest.
Isloo 1 bro, i never keep money in Banks ane i never want banks to do business with my money.... i have built a cycle, whatever i get from my realty rents or factories etc so it stays for couple of days in my account and then go straight to the accounts where i have purchased commercial property on installments........ i believe and as per my active investments since 2008 the realty proved to be far more profitable as compared to buck.... i never played for short term..... the fruit, taking the longest time to rip, are sweet....l
@ Sohail sahib bro, this will make you LOL......
" If you have a weapon, you can rob a bank but if you have a bank then you can rob everyone"......
And this will make you more LOL about what isloo was advising you with devotion.....
" If you want to know who controls you, look at who you are not allowed to criticise"........
Try to break the walls you and your employer have built around you and you will make more and more Lols bro......
@Ilyas bro,
I am not at all suggesting that "$-in-the-bank" is a viable investment option. I am just asking to wait for a while till the dust settles. Couple of months, maybe.
On the investment model, not everyone gets lucky to keep rolling like you. Some get stuck in bad investment and the opportunity cost gets high.
"If you could read the cyber-hearts of fellow forumers, you would see many such stories." (my own quote)
Isloo 1 bro, it is really brainy suggestion and i do appreciate that for a short term..........
I have invested in such commercial properties where the possession is available and i am paying the installments with cool mind ( for three due installments i pay 1 and keeping the ball rolling) and yes it is a bit long term investment like 2 to 3 years........Still i appreciate your approach towards buck for short period and it is really clever approach......,
2019 year of recovery in property.2020 will be boom. Dollar will crash as its doing in sophiscated countries.best time to invest in property and in stocks and definatetly not hoarding dollars to be part of enemity with rs.buy gwadar or dha bhawalpur anywhere …prices will surge already stagnanat and slump from last three years its not global or national financial crash that it wont increase any fool will pay attention to short term dollar jumps
@Asad, trust me DHA is in over-supply with ISL phase 3,4,5 & Valley, LHR phase 7,8,9,10, Gujranwala, Multan, Bahawalpur and what not, yet to be populated and/or developed.
So prices are not going anywhere in next 3 months. In fact, with the "witch-hunting" style of tax measures, any last penny of disposable money is going to disappear for good.
Isloo these are all our fears .broaden your vision and see the real things coming.
.....
Isloo1,
You are right. I never meant to include Mughals. I was referring to all those who put up a fight and refused to bow down to British in Pre-1857 chain of events.
.....
Back to the topic. Should you sell dollars or buy dollars at this point as market has plenty of dollars available right now.
Not sure, if plenty of Dollars in the Market, why USD climbed (Market Resumption post-Eid break) in a Single Day from 146 to hit 150 & beyond.
Only possibilities:
- Dollar Trolling the PKR
- Supply-Demand on Steroids
To be true as far provincial capital is concerned people are shortening dollar purposefully and in greed too… Some big exchanges owners have political links with ex govt.
Interbank - official transactions at state level, within and outside.
----
There can be greed yes, no denial but to be honest, I don't get the whole idea of judgements as to a person in need of foreign treatment/college fees/travel etc. should he not save in same currency that he/she is entitled to pay in those coming times?
I know many people who save well in advance in foreign currency where they intend to get admitted to a foreign university, as just one example!
When state gives a free-float forex - market driven - this is what happens!
@ Isloo1,
"leave this forum to "like-minded" and good-intentioned morons. If that's what you suggest"
Bro, don't take it too serious, it was just a lighter note to make the tense forum bit smile full, since I always like the chat between you and Ilyas bhai.
The beauty of this forum is to have all types of morons around.... not only like-minded. :)
Many exporters I know have their dollars routed to Dubai etc and keeping it there after PTIs govt came in power cuz of the uncertainity and stupid decisions by the govt.
This is not greed but to protect your blood and sweet from these political robbers.
Sohail Khana, a big smiley for you :)
To all others: dollar climbed up again in inter-bank. During the day it crossed 151. Let's see where it settles.
Post to follow:
--> is not about
- Advocating A over B and vice-versa.
- Desires/Wishes/Personal Views
--> is about
- %age increase in USD (against PKR) and Real Estate Price (PKR) for given time-frame
- Open Interpretation as per ones preferences
- Open for factual corrections and calculation (errors/omission, if any)
- Reflective of (partial) Ground Experience
- Approximate Figures with publicly available data
- Data-driven point of View
All Casutions above, if one likes the skip the post to follow, here is the point to do so - the dears who get upset with busted myths, available data and objectivity of discussion.
USD (or Pegged Currencies) VS Real Estate (in Capital) Jun'18 to Jun'19
Approximations:
** 1. Residential Plots
Average Price Appreciation - Jun 10, 2018 to May 31, 2019
- Increase in Price/Sq. ft. = 231 PKR
- Increase in Percentage = 6.84%
- Instance of Largest Increase = Gulberg 1 Kanal = 38.5%
** 2. Houses
Average Price Appreciation - Jun 10, 2018 to May 31, 2019
- Increase in Price/Sq. ft. = 389 PKR
- Increase in Percentage = 4.05%
- Instance of Largest Increase = G11 & Soan Garden = 10.26%
& 10.36
** 3. USD
Average Appreciation (Against PKR) - Jun 10, 2018 to Jun 10, 2019
- Appreciation/PKR = 35.52 PKR
- Increase in Percentage = 30.69%
Summary
---------------
* Plots in ISB Appreciation = 6.84%
* Houses in ISB Appreciation = 4.05%
* USD to PKR Appreciation = 30.69%
---------------
(1) Islamabad Plots Price Index:
https://www.zameen.com/index/buy/plots/islamabad/
(2) Islamabad House Price Index:
https://www.zameen.com/index/buy/houses/islamabad/
(3) Google Currency Converter/XE Currency Converter
Imtiaz sahib, well done! Now do the same mathematics for property in Peshawar..... i.e Hayatabad, Regi lalma & Peshawar Ring Road..... the Result will be extremly different...... the result for the Ring road commercial property will be amazingly different.......
( In hayatabad Phase 6 one kanal plot was for 1 caror 50 lac in Jan 2018..... Today it is around 3 caror 30 lac) ( in 2013 one marla commercial on Peshawar ring road was for 3 lac.... today it is for 30 lac per marla in good locations)
{If you keep the time frame from Jan 2017 to June 2019 for your calculations for peshawar property then it would be too great}
During Ramzan i asked The all times guru, The great Nadeem Ahmad Sahib, what to do in current property Market so he gave me very clever idea ( we need a separate debate for that i think)
" The best real estate investment with the highest yields are in the Working class neighbourhood, Because fancy properties are over priced"
@Ilyas bro,
Everyday is not Sunday. You have enjoyed the fruits of "repatriation phenomenon" due to peace returning to KPK and adjoining agencies.
Mr. Mangal Bagh and his buddies had haunted the neighbourhood for a good decade and made Hayatabadians and University Townshippers flee to Islamabad, Abbottabad, Malaysia and Dubai. Now they are returning home causing disproportionate rise in property prices in last 2 years. Not very sustainable, though.
An investment maths should be sustainable, otherwise, it is not business, maybe a good deal or two.
Ilyas brother,
I am sure most of the forumers, including myself would love to know extended details (12 months frame) about other cities.
Jan 2018 to Jun 2018 is a different game altogether, as per my first hand experience as well as available price indices with many of the (plot) properties in Capital rose to about 30% +/- on average during those 6 months.
*Jul 2018 to To Date have been big disappointments, when compared to PKR depreciation that has been the very point of discussion and this forum. If we unify Jan 2018 to To Date (Jun 10) that reflects a different picture that is not the accurate one.
-------------
Across PAK - 3 Major Cities:
Average Price Appreciation across PAK (ISB/LHR/KHI) - Jun 10, 2018 to May 31, 2019
* Houses
- Increase in Price/Sq. ft. = 417 PKR
- Increase in Percentage = 3.98%
**Plots
- Increase in Price/Sq. ft. = 107 PKR
- Increase in Percentage = 3.22%
----------
ps: "If you keep the time frame from Jan 2017 to June 2019 for your calculations for peshawar property then it would be too great"
The point of debate is comparative analysis of appreciation since Monstrous Rise of the USD against PKR (Jun 2018). If we do it from start (USD-PKR Parity & First Real Estates in PAK), not gonna make much sense. Benchmarking is 'Fiscal Time Frame for Asset/Currency ROI '