What Makes a Property ‘Overpriced’ in Pakistan’s Current Market?

Buying Property
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1

I often hear buyers say a property is “overpriced,” but sellers believe their demand is justified.
In today’s Pakistani real estate market, what factors actually make a property overpriced, even if the location is good?

Would love insights from buyers, sellers, and investors.

2

From a buyer’s point of view, a property is overpriced when the demand doesn’t match recent transactions in the same area. Many sellers still quote prices based on last year’s peak, ignoring current market slowdown and liquidity issues.