Factors Affecting the Real Estate Prices in Pakistan
Journal Title: Asian Economic and Financial Review - Year 2011, Vol 1, Issue 2
Abstract
The current study examines the effect of factors influencing the prices of real estate inQuetta city. Hypothetically, this study is based upon five observed factors(urbanization, refugees? influx, monetary, lack of investment alternatives and inflow offoreign remittances) in relation to the prices of real estate. Questionnaire developed onthe basis of above variables were administered to a heterogeneous sample of 50property dealers and Quetta Development Authority. Descriptive statistics (percentage,percentile and frequency distribution) were used to identify the level of influence andthe relation of above mentioned attributes towards the prices of real estate. The resultsrevealed that the prices of real estate in the region have been on an increasing trendand strong influence of all variables especially of government?s monetary and fiscalpolices and urbanization was found significant on the prices of real estate in Quetta.
Authors and Affiliations
Mehmood khan kakar| Lecturer in Economics Government Degree College Loralai (corresponding author) E-mail mehka11@yahoo.com Cell # 92-333-3909889, M. Ali kakar| Economics, Balochistan University of Information Technology, Engineering and Management Sciences Quetta. E-mail: ali.kakar@buitms.edu.pk Cell # 92-345- 8169394.
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