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The Impact of Property Taxes on Real Estate Market Trends in Pakistan | #real estate

The Impact of Property Taxes on Real Estate Market Trends in Pakistan

The Impact of Property Taxes on Real Estate Market Trends in Pakistan

In July 2024, the Federal Board of Revenue (FBR) implemented significant increases in property taxes, particularly affecting the sale of houses, flats, and plots. Non-filer buyers now face a tax rate of 10.5% on property purchases, up from 7%, while sellers are required to pay a 6% tax, an