Obtaining The Right Value Assessment: Property Prices

One of the most common misconceptions that property owners have is that property prices will keep rising regardless of the effect on the market of factors such as the political and economic situation in the country. The reality is that after every boom in the property market, property prices go through a period of 'correction'; they adjust to actual values rather then speculative ones; the span of such corrections can last for a very long time.
As a result, most property owners have no idea what the current market values of their property is and end up consulting a number of estate agents who in turn provide their own assessments of the property's value. In most cases there is a wide gap in the estimates provided by different estate agents, which adds to the confusion of the property owner in terms of what price to demand and they end up listing their property with the estate agent who quoted the highest value. Yet, a number of estate agents deliberately and incorrectly quote higher prices just to ensure that the owner lists the property with them. This is a unethical practice which does nothing more than make property owners happy for a short period of time.
1) Ask the estate agent to give the current property price assessment on company letterhead; but be prepared to pay a fee for this service.
2) If you plan to have an assessment done from different estate agents, do not look only at the highest value; rather consider the lowest assessment given to determine the actual value of the property.
3) Any estimate that is over two to three years old is no longer valid as property prices fluctuate depending on a number of factors which in turn end up keeping investors away.

Buying Poperty Guide For Foreigners in Pakistan:Sale Property Guide:Commercial Property Guide:Property Tax Guide

Foreigners working and living in Pakistan can buy or rent properties; however, the Government requires them to complete certain legal formalities with the board of investment and the Trade Development Authority of Pakistan. Foreigners intending to rent to buy property also have to submit the following documents to the Home Department.
1) A letter of employment from the company in which they are working  at(e.g embassy/consulate/multinational) that mentions the nature of their residency, as well as the period of intended stay, along with the company's physical address in Pakistan.
2) A complete copy of foreigner's passport with a valid visa and six recent photographs.
Additionally, the following are also required by the Home Department.
3) The landlord/ property owner and the real estate agent are both required to submit a copy of their CNIC for record keeping.
4) The landlord/property owner is required to provide proof of ownership(e.g, certified copy of registered lease document of the property, a map, drawing and approval site plan) that has been attested by a Nottery public.
According to the current law , the property can only be occupied by the person, whose name is on the contract. If the occupant of the property changes, a new contract or deed should be drawn up, and the name of the new contract should be communicated to the respected Home Department within a day.
In case of violation of the procedures, the following actions can be taken by the Government:
1) Thorough scrutiny of the premises by the police.
2) Cancellation of visa and prosecution before the deportation of the foreigner.
3) The building's owner will not allow to rent or sell the property for next five years.
4) Investigation and prosecution of the real estate agency owner as well as the estate agent under the prevailing law.