Lahore: The current unstable condition of the country amid protests and political crises presents challenges to the real estate sector. Moreover, additional taxes have been levied on property in the new budget. Experts expected that the market would pick up after Eid, but the situation is the other way around.
According to the data portal Zameen.com, the price hike witnessed in the first half of 2013 was huge as compared to that in the first-six months of the current year.
Ghani Estate Chief Executive Officer Mr Nawaz Ghani is of the view that the new budget has affected the real estate sector of the country.
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Source: Sector overview: Property prices arrested in the wake of turmoil