This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

General Elections 2013 Fail To Have An Impact On Property Prices In Pakistan, Reports Zameen.com

LAHORE, Pakistan, May 9, 2013 /PRNewswire/ -- Pakistan real estate sector has celebrated a very happening 2012 which, as per several renowned agents and dealers listed on Zameen.com, was the best year since 2007 where a lot of genuine buying and selling was noticed. The effects of global recession withered away in 2012 and Pakistan real estate sector was finally back on its feet.

Realty market is going strong

Earlier this year, many people expected that the General Elections 2013 would have an impact on the property prices and realty sector of Pakistan. However, data released by Zameen.com suggests that Pakistan real estate is still going strong where property prices in popular areas have continued their upward journey.

Spike in demand

As per Zameen.com, the site has experienced an increased interest from its members where property for sale in both Lahore and Islamabad claimed the lion's share of the total search volume. During the first quarter (Q1) of 2013, property in Lahore attracted 34.45% of the total number of visitors browsing properties in Pakistan on Zameen.com whereas Islamabad claimed 28.85% of the total traffic.

Property prices continue to rise

As far as the prices of houses are concerned, Islamabad claimed the top spot where the sale prices of 5 marla houses increased by 8.56% during Q1 2013.

Is sale transaction volume shriveling?

Although the site has no way of measuring the actual number of transactions taking place in the market, but its search and price trends help people know as to where the market is headed. According to Rao Aihtesham-ul-Haq of MM Marketing, the realty market is showing some signs of slowing down but there is still a strong demand for property and plots in Bahria Town Lahore and DHA other high end areas.

Zameen.com has released prices of plots in DHA Lahore, Bahria Town Lahore and other popular locations of Lahore, and Islamabad during Q1 2013 which generally show a bullish trend depicting constant demand.

As per Zameen.com, these prices show that Elections 2013 haven't had a noticeable impact of Pakistan real estate sector.

SOURCE Zameen.com

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs