Perspective from Wali Khan
Inflation is skyrocketing overall in the world right now. Pakistan has its fair share or I should say lion’s share for this trouble. The problem is that in most of the countries the official numbers are just eyewash and in reality the inflation is much more than what you see in figures. This is specially true if you consider yourself an investor or potential investor for any tangible asset like property.
Take the example of Canada where official inflation figure stands around 4.5% which is the highest since 2003, but at the same time, property values have skyrocketed from 50% to 60% in last 2-3 years in Toronto area – much higher than what inflation figures depict. Same trend can be seen in countries like Australia and USA as well.
In Pakistan, it has been seen that the specific property prices have increased significantly, again beating all inflation figures – however, as the purchasing power of common man has actually reduced, the impact is not seen as widely as expected.
The point here is that for an investor, it is important not only to beat inflation, but beat it by a big margin year on year to be successful in retaining and growing your wealth in real sense.
Here, I am adding the links of videos of this week in case you’ve missed them:
Keep hustling 🙂
Wali
Very informative article, same with UK currently. House prices are skyrocketing.
I would definitely like to know from your prospective which societies are best to buy house/land in Pakistan for e.g in Islamabad/rawalpindi ?
Thanks for the comment. However, I don’t have deep insight in real estate of ISB/RWP – One thing is for sure, the project should be legitimate and you don’t want your hard earned cash landing to some shady scheme.