I have been speaking to a few dealers. Files appear to be declining for some reason. It appears that Bahria Town Karachi is sucking a lot of the juice from the investors in Islamabad.
Plus those Karachi investors who were investing in places like Pindi, Islamabad and Lahore and are now keeping the money in house and investing in BTK.
There are many places where file prices have dropped a little. An example is Sky Garden Flower Valley.
Although prices in Defence are rising, everywhere else investors are suffering especially from Zone 2 side.... Those invested in Top City are praying regarding road access. There is a lot of mayhem/rolay kicking off...
What impact will this have on the real estate market in the next 6 months? Is the property bubble bursting now?
There was a small burst in B-17 where prices inflated to unimaginable heights last year. But still prices are maintained at much higher than pre bubble levels.
In other sectors such as G-15 prices are stable. In Cabinet, prices are slowly creeping up. In DhA2 and Bahria pindi increase is good. Phase 8 of Bahria has slowed down. Enclave is not impressive in performance.
In Lahore DHA-8 and Bahria Orchards are the places to buy.