When Pakistan real estate got a jolt
The realty sector, one of the major investment avenues suffered a huge setback in the middle of 2016 after the federal government decided to determine the fair market value of properties being bought and sold by people and collect taxes accordingly.
The first six months of the calendar year were in fact encouraging as markets had started recovering from the phase of subdued growth. Of these, the Karachi market needs a special mention as it was earlier performing below par because of the repercussions of terrorism and bad law and order that had dogged the city for years.
A modest improvement in the real estate market of Pakistan’s biggest metropolitan city rekindled investor confidence with huge demand coming from domestic investors, overseas Pakistanis and to some extent international investors.Read More »When Pakistan real estate got a jolt