Lahore real estate updates June-2013
Following article written by M Rafique Goraya, published in today’s Business recorder gives brief overview of Lahore’s real estate market during the last few months. Overseas Pakistanis must be very careful when buying properties because the prices now are touching unrealistic levels. The boom may continue during 2013 but the market can see a sharp fall in 2014.
Property prices in various housing schemes and towns of Lahore have unexpectedly surged by 100 percent over the past few months, according to a survey conducted by theBusiness Recorder. Property dealers said that the current boom in real estate business was triggered by the expectation of coming into power of a new PML-N government who listed revival of economy among his top three priorities.