FEAR OF MISSING OUT ON PROFITS IN DHA LAHORE?
If you are feeling anxious about not buying a property in DHA PHASE 9 PRISM that was in your budget and now it has gone out of your budget?
That’s called Fear of missing out on the gains you are seeing each week of the month and you regret that you haven’t made a good decision and now because you haven’t made that decision the time it could be. Now you are forcing yourself to buy the same plot at a price 50% higher than before.
Let me tell you something that will change your perspective about how you are seeing the Real estate market, If you couldn’t decide between buying a certain property for yourself when it was being offered at a low price. Don’t force yourself to buy that property that now has gone 50% to the upside rather sit back and be relaxed because the Real estate market reacts slowly & it often delays reactions so you have a lot of time to react at a given time.
Whenever the Real estate market starts to correct it usually hovers around the top being in the range-bound situation for a longer period of time where buyers and sellers are fighting with each other. When Buyers show less confidence at a given price then sellers take over the market due to which market corrects and when the top is reached at any phase then there is a larger degree of correction.
What Goes up must come down, Market Usually takes correction and when there are unnatural impulsive moves to the upside then there will be an equal level of correction to the downside in the same degree and momentum. We all must know that there is nothing special in these residential plots of DHA Phase 9 prism, DHA Phase 8, and DHA Phase 7. These are the same plots that were being offered at a 100% less rate a year ago so what happened in just 1 year that the prices have seen such upside hikes ??
I mean what’s happening in here ?? Is there any special economic development around DHA Lahore?
My answer is No, Just speculation and plus driven by emotions, People are fearful that they might not see low prices in the future but everyone who is reading this must know that when markets are driven artificially then they tend to lose their trend and make a bigger correction.
What my analysis about the market is that when a market has no further momentum to the upside then it hovers on the top for a certain time and selling pressure dumps the market.
My opinion about DHA Lahore Market is that the correction is around the corner and it might take 1-2 Years to decide the bottom of the corrective phase so those who haven’t bought yet and are afraid that they won’t get a chance of buying a plot because of low budget, let me assure you with my observations about different markets practically learning the psychology behind it, You will see at least 50% correction in the coming Year after Market has seen the Top.
However, this is a general idea of how markets behave worldwide so I try to implement the strategies and perception in the Real estate market and it’s quite possible that the market won’t perform according to my understandings. So this shouldn’t be taken as investment advice.
This Article is written by Husnain Ashraf
For Consultancy You can Dial me @ 0300 – 2049966 0333 – 8177771