{"id":8236,"date":"2014-06-30T11:55:18","date_gmt":"2014-06-30T11:55:18","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=8236"},"modified":"2017-12-11T12:32:12","modified_gmt":"2017-12-11T07:32:12","slug":"does-change-in-property-transfer-fees-affect-business-of-realtors","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/does-change-in-property-transfer-fees-affect-business-of-realtors.html","title":{"rendered":"Does change in property transfer fees affect business of realtors?"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2014\/06\/Tax.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-8237 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2014\/06\/Tax-600x265.jpg\" alt=\"property transfer\" width=\"600\" height=\"265\" \/><\/a><\/p>\n<p>In response to the increase in property transfer fees, a number of property dealers protested outside the Lahore Development Authority (LDA) complex in Johar Town, Lahore on Saturday, June 28, 2014. The protestors claimed that due to the increase in the property transfer fees by up to 600 per cent, their business would suffer. On the other hand, a senior LDA official expressed surprise that the protest was staged by the real estate agents and not the property buyers and sellers.<\/p>\n<p>In my view, changes in property transfer fees undeniably affect the realtors \u2013 if not directly then definitely indirectly. Realtors\u2019 earning is closely related to market activity, ie sale\/purchase transactions. Change in the property transfer fee affects the market activity and the increase in the property transfer fees somehow bars the property investors from undertaking frequent real estate transactions, which in turn affects the business of real estate agents.<\/p>\n<p>The LDA official\u2019s expression of surprise over the protest staged by real estate brokers is itself surprising, as the LDA official stated that due to the increase in administrative expenses, increasing the transfer fees became a dire need.<\/p>\n<p>In Dubai, the property transfer fees were increased by the authorities concerned from 2% to 4% last year. However, it was reasoned that the property transfer fees in Dubai were increased to curb property flipping (a process in which an investors buys a property and then resells it after a short period to time to earn profits), not to meet increased administrative expenses.<\/p>\n<p>If you are a realtor and reading this post, I would like you to share your views on increase in property transfer fees in the comments section below. Is the LDA wrong to assume it doesn\u2019t affect your business?<\/p>\n<p>Let Zameen be your voice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In response to the increase in property transfer fees, a number of property dealers protested outside the Lahore Development Authority (LDA) complex in Johar Town, Lahore on Saturday, June 28, 2014. The protestors claimed that due to the increase in the property transfer fees by up to 600 per cent, their business would suffer. On the other hand, a senior LDA official expressed surprise that the protest was staged by the real estate agents and not the property buyers and sellers. In my view, changes in property transfer fees undeniably affect the realtors \u2013 if not directly then definitely indirectly. Realtors\u2019 earning is closely related to market activity, ie sale\/purchase transactions. Change in the property transfer fee affects the market activity and the increase in the property transfer fees somehow bars the property investors from undertaking frequent real estate transactions, which in turn affects the business of real estate agents. The LDA official\u2019s expression of surprise over the protest staged by real estate brokers is itself surprising, as the LDA official stated that due to the increase in administrative expenses, increasing the transfer fees became a dire need. In Dubai, the property transfer fees were increased by the authorities concerned&hellip;<\/p>\n","protected":false},"author":14,"featured_media":8237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"persona":[],"class_list":["post-8236","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Does change in property transfer fees affect business of realtors? - Zameen News<\/title>\n<meta name=\"description\" content=\"In response to the increase in property transfer fees, a number of property dealers protested outside the Lahore Development Authority (LDA) complex in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/does-change-in-property-transfer-fees-affect-business-of-realtors.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does change in property transfer fees affect business of realtors? - Zameen News\" \/>\n<meta property=\"og:description\" content=\"In response to the increase in property transfer fees, a number of property dealers protested outside the Lahore Development Authority (LDA) complex in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/does-change-in-property-transfer-fees-affect-business-of-realtors.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-30T11:55:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T07:32:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2014\/06\/Tax.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zain Nadeem\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zain Nadeem\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Does change in property transfer fees affect business of realtors? 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