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Contact us for further details.Islamabad Property and Islamabad Real Estate investments. The prime Islamabad Property portal You want Islamabad Property, we have Islamabad Property and not just Islamabad Property but Property in Islamabad and real estate in Islamabad aswell as Islamabad real estate. So for all your Islamabad property Needs, get in contact with the islamabad property specialists today Islamabad Property is a good investment. Islamabad Property is available to buy For more Islamabad Property click on the Islamabad maps link, Islamabad Property Market or Islamabad Decent Homes links
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Friday, 25 September 2009 |
 Following a year of power outages, food and water shortages and increasing petroleum product prices along with record inflation and political turmoil, Pakistan appears to be going through one of it's worse periods in recent history. Islamabad has seen the number of police checkpoints multiply exponentially and you can't travel anywhere without going through at least 2 or 3 of them on a daily basis but the flip side of thise is that Islamabad is even more secure than ever and the people who live here feel safer than ever. Eid was celebrated with the usual shopping frenzies after a solemn Ramadan. What has the effect of the last year been on the property market in islamabad? EVEN CHEAPER PROPERTY !! It seems that Islamabad has hit rock bottom in terms of prices for properties and this is even more exagerated by the drop in the value of the Rupee against the Pound Sterling, US Dollar and of course the Euro. Decent sized houses are available in the OLD sectors of Islamabad (such as F6, G11, F7, G10, F10 ) at knock down prices compared to a year ago. We're talking differences of up to 50lacs (5 million) to 150 lacs (1.5 crore) in some cases !!! New projects have remained at their old prices such as the Islamabad Decent Homes project in D17 and the pace of construction has slowed for all but the most important projects such as the Centaurus giving buyers even more flexibility in terms of payment and price. For many overseas Pakistanis who thought that they had missed their chance to invest in Islamabad or to buy a property in Islamabad, this really appears to be the RIGHT TIME to snap up a bargain, whether it's a house or a plot of land or an apartment or shop, you are certain to get a great deal, at a fantastic price and many forward looking people are taking advantage of this situation to pick up decent property at rock bottom prices.
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Last Updated ( Friday, 25 September 2009 )
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Wednesday, 21 January 2009 |
Amid the global recession there is still some good news for those who have already invested in Property in Islamabad or are planning to.
January 2009 has seen an increase in the number of properties being sold in all areas of Islamabad and this trend seems set to continue.
We have certainly had a much larger number of enquiries than in previous months and visitors are telling us that they are feeling more and more uncertain about leaving their assets abroad.
It seems that increasing numbers of Overseas Pakistanis have decided that now is a good time to invest here given the doom and gloom in the property markets worldwide. It may even be that they are moving their assets back to Pakistan to shield themselves from the recession as much as they can since Pakistan is not feeling it as much - perhaps because the credit crunch can't affect a country where credit is not the primary means of survival.
This has had a knock on effect on the local markets and investors who were reluctant to do too much buying or selling towards the end of last year have been encouraged to re enter the market with new projects on offer.
As the US Dollar and Pound Sterling are continuing to face difficulties in international forex markets, the trend of the previous year of converting assets into these currencies and placing them in offshore banks is seeing a decline and leaving money in the increasingly unstable banking sector seems risky according to some. In addition, property values in the west are facing serious downward pressure and the Middle East markets such as Dubai have seen prices CRASH an amazing 60% in many cases with further reductions predicted in the coming year.
Here in Islamabad, sales have risen - from small commercial units, and residential flats to houses and entire commercial buildings - new customers are entering the market everyday. Land, in and around Islamabad however appears to be sustaining the highest demand as clients hope to secure a piece upon which to build their dream-house or invest for the future as Islamabad continues to grow.
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Last Updated ( Friday, 25 September 2009 )
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Sunday, 07 December 2008 |
Islamabad Property and Islamabad Real Estate investments. The prime Islamabad Property portal You want Islamabad Property, we have Islamabad Property and not just Islamabad Property but Property in Islamabad and real estate in Islamabad aswell as Islamabad real estate. So for all your Islamabad property Needs, get in contact with the islamabad property specialists today
Skilled, semi-skilled and unskilled workers all over the world have been facing a rough time recently as the cost of living worlwide has continued to increase and people are finding it
increasingy difficult to make ends meet within their salaries.
As house prices drop and credit becomes increasingly harder to obtain, small businesses and individuals face hard times with less money to spend and higher costs for fuel, food, house rents and childrens school fees.
Economies with imported workers are seeing a reversal in the trends of many years as people have started to return to their home countries, preferring to earn less and spend less but at least have more security than they have in foreign lands.
Many Pakistani expatriates are planning to return to Pakistan
in light of the latest series of recession related problems in the UAE
and the rest of the world. Dubai is now following the lead set by
western economies by making large scale redundancies, particularly in
it’s real estate and financial sectors and developers are laying off
staff and delaying their development projects.
Nakheel has made 500 of its staff redundant as it delays work on
major projects including the Trump International Tower and Hotel on
Palm Jumeirah, Waterfront, Palm Jebel Ali and The Universe, the company
said yesterday.
The decision is another sign of the global economic slowdown
affecting the property sector. Banks have tightened lending, prices
have dropped and sales have slowed, forcing developers to review their
expansion plans.
Damac Properties, the emirate’s largest private developer, laid off
200 of its 8,000-strong workforce, while 180 out of 350 staff at Tameer
Holding, another Dubai developer, were told they would lose their jobs
by the end of this month.
Omniyat Properties also confirmed 69 redundancies from its workforce of 350.
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Last Updated ( Wednesday, 17 December 2008 )
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Monday, 01 December 2008 |
Investors in the UAE property market have been facing some serious frustrations recently, particularly in the northern emirates of Ajman, Ras Al Khaimah and Umm ul Quwain. Ajman has been a particular destination of choice for many Pakistanis who have been attracted by the cheap off-plan property prices and the promise of a residence visa. Now that some of these projects have completed or are nearing completion, they have discovered that they get a 1 year visa which needs to be renewed EACH year at a cost of AED 1,500 (Rs.33000) and even worse, they may not have any electricity in the hot and humid desert climate for several years !! Thousands of buildings are being constructed in the United Arab Emirates during the current development boom but they have neglected one serious development issue - ELECTRICITY !! Many brand new buildings that have already been completed, stand in darkness while the owners of the apartments in these buildings stand frustrated. Many moved in furniture and belongings expecting the electricity to be connected with a few days but they are still waiting months later and it seems that the problem will not go away until 2012 at the earliest. in Umm al Quwain, a Dh30-billion project by the Dubai-based developer Tameer, Al Salam City, was put on hold in May due to the shortage of electricity and water. The delay in such a high-profile project, which was believed to have been 70 per cent sold, was a major blow to the emirate. Safeer Mall, in RAK, which was completed in June, and has the largest hypermarket in the region, remains empty due to the electricity crisis. A spokesman for the mall said they have lost all hope of solving the problem and businesses are starting to withdraw stock. In RAK alone, 3,532 building permits have been issued. But up to 2,145 buildings in the emirate are still waiting to be connected with electricity, according to the municipality.
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Last Updated ( Saturday, 06 December 2008 )
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Sunday, 30 November 2008 |
If it's not Pakistans fault, it's still the fault of Pakistan !" With the recent attacks on the two hotels in India by the Deccan Mujahideen, tensions have increased between India and Pakistan. As is always the case when something happens in India, the indian media and some politicians are casting around to try and assign blame to Pakistan. Although the terrorist were Indians and the group appears to be a splinter cell of the Indian Mujahideen, India is trying to apportion blame onto Pakistan. The demands of the terrorists were to have certain indian prisoners captured in india for apparently terrorist related charges released from Indian jails...and yet India is still striving to connect Pakistan with the issue. As in the past, it seems that whenever anything like this happens, fingers begin to point towards Pakistan, perhaps because it is a soft target or perhaps because it is politically convenient to blame a common enemy instead of taking responsibility for their own failings. Indian politicians have done little to ease their own internal tensions between the various faiths that co-exist in India and have been busy with other things that they deem more important. The resulting violence and rising militancy in certain groups - both Hindu and Muslim - has been ignored so it is little wonder that when thngs get out of hand as they did recently, the politicians find it easier to blame Pakistan rather than to have their policies and actions scrutinised.
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Last Updated ( Monday, 01 December 2008 )
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