What do DHA Lahore buying trends tell you about the market situation?

No matter how the market behaves in terms of investment poured into the property sector, Defence Housing Authority Lahore will remain the No. 1 choice for buyers looking for the best use of their savings. So naturally it concerns many of our blog readers, too, to find out what’s up in the market right now and what can they expect to see happening in the short term. Here is all you need to know about property buying trends for DHA Lahore in general, and that for Phase IX in particular.

Zameen Trends for plots for sale in Lahore

DHA has been on top of the ranks in Zameen Trends for plots to be sold in Lahore and this has been the case throughout the last year. The society receives the largest share of traffic generated by Zameen users, where the project ranked at no. 2 lags behind by 64 popularity index points.

With such a huge lead and the fact that DHA is now catering to people looking to buy smaller and more affordable residential plots, DHA is now an all-inclusive society. In this regard, you can check our latest update on Halloki Garden, DHA Phase XI, where demand among the genuine buyers is causing a gradual yet consistent rise in market rate.

With this established that DHA currently has no competitor when it comes to popular societies in Lahore, we need to check which phases have pulled more traffic during April 2018. Here is the list:

1. Phase VIII
2. Phase VI
3. Phase IX
4. Phase VII
5. DHA IX Town

If you closely observe DHA property buying trends over the last one year, you will notice that before November 2017, Phase IX had been on the top of the list but couldn’t retain potential buyers’ attention. That was perhaps because buying property purely for investment purposes and expecting solid returns on it became difficult ever since a new mechanism for collecting property taxation was introduced in July 2016. But seeing Phase VIII and Phase IX battling over the top rank simply says that the availability of property possession is the reason why Phase VIII climbed up the ranks.

We recommend you check our update on DHA Phase VIII and the latest statistics from DHA Phase IX shared a few months ago to have an idea of market activity and property rates in these phases.

Among these top five phases, Phase IX is the only phase awaiting possession, with all other phases are ready to greet new homeowners. This also tells you something, something that we have been hearing for a while now; the market is dominated by genuine buyers where revenue poured in by the investors has been constantly shrinking.

In fact, many believe that the real estate market’s present conditions are the most suited to genuine buyers who not only have a wider range of options to choose from but a better chance of negotiating the asking price.

If you were to make use of the current low rates and buy property for personal use, which phase would you pick? Let us know through your comments. We are also available to answer any question you might have for us.