The Real Estate Price Quandary: Issues and Way forward
No 2022:72, PIDE Knowledge Brief from Pakistan Institute of Development Economics
PIDE (RAPID) Reform Agenda for Accelerated and Sustained Growth (2021) argues that the real estate market of Pakistan is both inefficient and poorly structured. Large information gaps exist in the properties supplied, demanded, bids and offers, and the contract prices. This generates suspicions and claims of real estate parking illegal or black money. Government instead of structuring the market has set up artificial administered prices—the DC rate and the FBR rate—further contaminating the information gaps and issues in the market.
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