Are properties now just for investments what about people who want to buy to live seems unachievable now
Two years ago 200-250sq yards in Lahore according to Zameen were around 1.6-2cr in multiple areas like bankers society, dha, sui gas or something society, I arranged 1 cr by selling 2 plots in far away places where value is very low before inflation 2 years ago and rest I have decided to sell bit of gold so I can finally buy a house but I don't have much of that as well that will make up the difference, my parents have passed away and we're living in dha karachi on rent pay via bank profit now profit rates have decreased as well rents have gone up and those property we saw for around 2 cr are now 5-6 crore when 1 bed in emaar was 1.4 cr now it's 3-4 cr I mean what do middle class people do now? My food business isn't even doing well because of prices. Electricity in this heat have skyrocketed because of imf loans the bills are close to what rent is like then water we have to buy and we're burning through savings from which we pay rent from which even if we take out to pay for a property to make up for the difference the gold can't but that 2cr is no longer 2 crore I mean I applied inflation rates and everything it still doesn't raise the price as much as the real estate agents and real estate industry have started quoting even when they say market is down still quote the high prices ? I mean even looked into Pechs, Karsaz, other areas it's the same prices everywhere even Gulshan. I mean people are lucky they have a place I'm not sure what's going to happen. :(
Is it just me feeling like we're poor now. Do we look into kachi abadi or go to the mountains in murree? I feel like an idiot sharing this.
Posted Jul 5, 2025, 1:28 PM UTC