Problems Faced by Lahore Real Estate Industry
Like other real estate markets all around the world, Lahore’s market also face fluctuations in terms of prices of properties, activities and investment trends. The activity was slow in last few years because of increased taxation by the government on property transactions.
The political unrest gives negative impact on every business and real estate is no exception. Some people are hesitating to invest due to it. The economic conditions of the country are shackled due to political demonstrations.
These political activities have affected local real estate business a lot. Heavy taxation has been imposed and transfer fees have been increased as well. This has decreased the profitability, as many charges have been imposed by the Government on transferring.
Investors are not ready to invest for getting small returns, as these taxes have adversely affected the real estate industry and its rapid growth.