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July 2019

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Reading Time: 4 minutes If you were to calculate, you’d probably find that most people around the world live in a rental home. This is a result of rapid urbanization. For many, renting is the only option. According to one statistic, approximately 15 million people live in rental homes just in the Dhaka metropolitan area which will continue to grow as more and more people move to the city. And due to the insufficient supply of rental properties, disputes between tenants and landlords are becoming more common. Tenants complain of unreasonable rent increase and are forced to accept it. There’s also extreme advance on rent, landlords refusing to fix broken items, evicting without notice, and many other complaints from tenants. However, there’s tenancy law in Bangladesh to tackle these issues that many aren’t aware of, the Premises Rent Control Act, 1991. It details all things related to renting property in its 36 sections. Written…

Reading Time: 2 minutes Most of us, in our everyday lives, have little interest in what type of property is popular in the country or which area in Dhaka people want to move to the most. That is until we need to find a property for ourselves. That’s when we look for home migration and property demand in Dhaka. The city is a popular choice among property hunters in Asia. But which areas are more popular? To answer that, we have created a nifty little infographic on property demand in Dhaka based on our own research. Property Demand in Dhaka Currently, Uttara is the most popular location to live in, in Dhaka, with almost a quarter of the total incoming requests; Mirpur is a close second. Most of the requests we receive in those areas are for small to mid-sized apartments. However, more than half of all the requests Bproperty receives are for flats…

Reading Time: 5 minutes The world can be quite an expensive place. And prices continue to increase with demand. Such was the case for all the places in our list of the most expensive streets in Asia. And as price per square feet increased, so did our awe! So today we look at the most expensive streets in Asia in the most expensive commercial hubs on this side of the planet. 6th: Zhongxiao East Road We first look at Zhongxiao East Road in Taipei, Taiwan which is 6th on our list of the most expensive streets in Asia with commercial space costing up to $273 per square feet. That is nowhere near the most expensive but it’s still A LOT. A medium size shop of 1000 square feet would cost $273,000 (BDT 23,067,408). But the area has become a shopping hub popular for countless eateries and clothing outlets, flooding with visitors. You’ll find name…

Reading Time: 4 minutes When it comes to the decision of whether to buy or rent a property, many would prefer the former over the latter; that is if they have the means. Buying a property is, after all, a big investment. It is full of small and large elements that need to be done or keep track. For example, you need to pay a number of additional fees along with the property price. That is why you every home buyer should have a checklist to make sure they are ticking every box along their property buyer’s journey. To that end, we have made a home buying checklist so you don’t have to! So without further ado, let’s take a look. Property Hunt Phase This is the preliminary phase, which begins after you’ve decided on buying a property and lasts until serious talks begin. 1. List Your Preferences The first thing on every home…

Reading Time: 4 minutes The wallpaper is peeling, the tiles have cracked and the kitchen sink is leaking. You really can’t stay in a house in this shape forever. Have you been looking after the house you’ve been living in for so many years? Perhaps it’s time for a house makeover. Delaying any longer could be regrettable. The house you’re staying in can be yours or a rental, but maintaining is your responsibility nonetheless; even if the landlord will execute the renovations of a rental apartment. But with your initiative, the renovations will take place when necessary and finish efficiently. And if you are the owner yourself, then knowing these methods is a necessity. If you don’t know which steps to take in which order, you’ll just be wasting tie and money. So to save you all that trouble, let’s take a look at the 6 steps to take when renovating your house. Make…

Reading Time: 5 minutes Whether you work for one of the renowned developers of Bangladesh or an individual trying to sell a property, no one is above making a mistake. A single word or phrase can drive away a potential buyer or tenant with a genuine interest in your property, and even one of the best properties of the month may lose its appeal. However, it’s not the meaning of the words, but words themselves that create a negative perspective of the property. How do you ensure that it doesn’t happen to you? By simply avoiding them! But to avoid using them, you first need to know what those words are. So let’s take a look at 10 real estate buzzwords to avoid when selling a property in Bangladesh. 1. Down the Lane The distance of your property from the street can play a major role in its attractiveness. Some prefer to live far…

Reading Time: 4 minutes Over the last decade, Bangladesh has experienced drastic economic growth. We are now recognized as a developing nation where poverty rates have dropped significantly; a noteworthy achievement. However, with rapid urbanization and industrialization comes adverse effects; for instance, environmental degradation. Dhaka keeps coming out on top in the list of most polluted cities in the world – which surely, doesn’t make us look good on the map. Fortunately, we are becoming more aware of the conditions we are living in and we are taking steps to overcome this issue. Read below to know about the ways our nation is on its way to becoming greener by producing eco friendly products and eco friendly materials. Producing eco-friendly bricks The conventional method of manufacturing bricks is very harmful to the environment. Hence, House Building Research Institute (HSBI) has been researching for over 40 years a substitute way of manufacturing bricks. Now, a…

Reading Time: 5 minutes Real estate is a sector that will always remain. With the increase in urbanization, the population will also rapidly increase. Dhaka is at the top of the demand chain in terms of living – and as the demand increases, it seems like the real estate sector is here to stay. With that in mind, potential buyers are relying on real estate agents and developers. So, why should you stay behind the competition? Selling away your dream flat that you have owned for a while can be a bit difficult but not impossible. If you are planning on selling your flat, these real estate tips for sellers will help you. Having faith in real estate agencies is no longer a myth and it’s time for you to adapt to this change. Read below a few real estate advice for sellers to know more. After all, an ideal seller will help create…