Sharif, 68, is in London attending to his wife Kulsoom Nawaz who was diagnosed with throat cancer a year ago.
On Friday, an accountability court in Islamabad sentenced the former prime minister to 11 years in prison and an 8 million pound fine in the Avenfield reference.
Sharif, who is in London tending to his critically ill wife, is expected to appeal.
His daughter and co-accused Maryam was given seven years of rigorous imprisonment and a fine of over $2.6 million, while Sharif's son-in-law Captain (retd) Muhammad Safdar was jailed for one year.
Sharif has previously described the court proceedings against him as politically motivated and a judicial witchhunt.
The National Accountability Bureau had filed three case related to the purchase of four flats in London's Avenfield House against Sharif and his children.
The Nawaz Sharif and his daughter are in London due to Begum Kulsoom Nawaz's ailment.
1990 - First elected prime minister.
"Pakistan's history in terms of using state institutions to manage political processes is well known", Daniyal Aziz, a former privatization minister who was last month disqualified from politics for five years, told Reuters.
1997- Elected prime minister for the second time.
1999 - Overthrown in a military coup by General Pervez Musharraf, the country's fourth army takeover since independence in 1947.
2000-2007 - Allowed to go into exile in Saudi Arabia in 2000 amid reports of a deal with the military, he was given a presidential pardon the day his family left.
The ex-CM insisted that elder Sharif's name was not even mentioned in the infamous Panama papers.
October 28, 2016 - Cricketer-turned-politician Imran Khan threatens to paralyse the capital, Islamabad, with a "lockdown" of street protests unless demands for an independent investigation into the Panama revelations are met. Sharif denies any wrongdoing.
Sharif's counsel sought exemption once again from July 2 to 9, which has been turned down by the court.
The Supreme Court disqualified him as not being truthful in his tax returns by not showing a salary as board of chairman of a Dubai-based company. He has been declared a proclaimed offender.
April 13, 2018 - The Supreme Court further rules Sharif is banned from political office for life. "Nawaz Sharif doesn't deserve the punishment awarded to him".