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Rising house prices and decreasing income lead to decline in home affordability The report shows median house prices across the country increased by 5.1 per cent in aggregate. Dr Arshad Javed Professor Graham Squires The latest Massey University Home Affordability Report shows an overall decline in national affordability over the most recent quarter. This was largely driven by soaring house prices and income levels dropping in the majority of the regions as well as nationally, by three per cent. The report, which covers the quarter from February 2021 to May 2021, shows median house prices across the country increased by 5.1 per cent in aggregate. This, combined with a decrease in incomes in many regions, has seen national home affordability decline by 6.8 per cent. National house price-to-income ratios have also deteriorated, with house prices moving from 11.4 to 12.4 times annual wages. ....
KMU role in quality education underlined thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Five held for flying kites National March 13, 2021 SIALKOT: Police Friday arrested five people on charges of kite flying, kite selling and kite manufacturing. Hajipura and Cantonment police detained accused Arshad Javed with 140 kites and Bilal with 20 kites. Uggoki police arrested accused Abubakar and Subhan and cantonment police detained Samar Abbas from village Bharath with 25 kites and material to manufacture over 10,000 kites. Cases have been registered against the accused. THREE HELD: Three people, including two women, were arrested and narcotics were recovered from their possession on Friday. ....
Cabinet under PM meets By Our correspondent ISLAMABAD: The federal cabinet was informed on Tuesday that the National Asset Management Authority was being set up to keep a complete record of the state lands, retrieval of the government properties from illegal occupation and ensure their efficient use. The meeting, held with Prime Minister in the chair, was told that the draft law had been sent for approval of the Ministry of Law and afterwards, the process of giving final shape to drafting law would begin. During the meeting proceedings, various ministers said that thousands of acres of land belonging to the government departments like Civil Aviation, Railways, etc. were under illegal occupation. ....