I was browsing through properties and found something interesting. I notices that in islamabad properties gain momentum in prices and usually plateau around 1 crore and then the price rise very slow if at all. Is this something for real or just a crude biased observation of mine? The reason i am bringing this up is because i want to sort out properties with worth more than those who are near the plateau ( 1 crore)
Yes you are absolutely right because for most of the residential properties, with prices above 10 mn, the opportunity cost changes for the investor. You start looking at alternate options, whereas under 10 mn, you struggle to come up with good business plans.
I'd say this trend is evident on residential properties but for commercial it could be quite subjective.
So the number of people looking at a real estate dearer than 10 mn, would be little compared to others. And anyway, there is always lesser crowd on the higher end of food chain and breaking the threshold is never easy 