.

August 4, 2016 •   The Federal Board of Revenue (FBR) has finally released property valuation tables for all the major cities of Pakistan. The property rates for the purpose of tax calculation were determined by FBR and real estate stakeholders after several meetings. You can view the valuation tables below: Lahore – I Lahore – II Karachi Islamabad Multan – I Multan – II Peshawar Faisalabad – I Faisalabad – II Gujranwala Jhang Gujrat Gwadar Abbottabad Hyderabad Mardan Quetta Rawalpindi Sargodha Sialkot Sukkur Now that the property valuation rates have been decided, no ambiguity should remain among investors and even genuine buyers. The real estate market, which has been on the rocks for the past one month, will now get back on track sooner rather than later. These valuation tables will also add transparency to real estate transactions. Furthermore, amendments in property taxes and property valuations will curb mar...

July 1, 2016 •  If you thought property purchased or sold only after July 1, 2016 would be evaluated per the new mechanism and be taxed accordingly, you have been wrong! Federal Board of Revenue (FBR) has released further details on  New Property Evaluation Mechanism , which is now termed as Procedural Law. The valuation mechanism for immovable property will be applicable on property deals done between 2006 and 2016. In other words, property owners and investors who haven’t paid their property taxes on transactions done between these 10 years will now have to pay up. Once again, the terms are different for tax filers and non-filers. The tax filers will pay taxes on property they purchased and sold in the last 5 years while the duration for non-filers is 10 years. Evaluation of immovable property will be carried out by the evaluators appointed by State Bank of Pakistan (SBP). According to news details, FBR plans to collect 35% tax and a similar amoun...

Zameen.com Posted: 13 Jun 2016  The real estate market is maneuvered by several players, each interested in achieving their own objectives. There is the government that attempts to regulate the market in a bid to keep the sector stable, the developer who attempts to initiate and create unique real estate projects to maximise profit, the agent who is after commissions and big deals, and the property flipper who is always on the lookout for the most lucrative investments to make a few quick bucks. And last, but certainly not the least, is the genuine buyer who painstakingly saves money to buy a residential property to live in. This may very well be the person who has been praying to be free from the torment of monthly rent. Although the genuine buyer should probably be the most important player in the real estate sector, this is not always the case. The market is, in some ways, more influenced by the property flipper than the genuine buyer. How? Well, the simple rules of...