Data reveals top cities for environmentally-friendly real estate
Bangladesh leads the emerging markets for eco-friendly and energy efficient homes, new research shows. The country has topped our eco-friendly real estate ranking for the second year in a row.
The research, drawn from onsite data for more than 30 countries in Asia, Africa, the Middle East, and Latin America, covers three property types: apartments, houses, and commercial space.
The move for sustainability in Bangladesh has been stimulated by jute the ‘golden fiber’. The natural fiber has thrived in the Bay of Bengal for years and as the global demand for environmentally friendly materials increases, the industry is prospering. Bangladesh at the moment is the number two jute producer in the world.
The Pakistani city of Karachi tops the list with more than 8,200 eco-friendly units listed on our Pakistan website. Bangladesh’s capital city, Dhaka, and Amman in Jordan claim the second and third spot, respectively. These cities have the highest number of properties for sale or rent offering green features, including a high energy efficiency rating, solar panels, water tanks, and greywater systems.
Lahore, the capital city of the Pakistani province of Punjab, has the most eco-friendly homes of any city on our platform. Karachi, also in Pakistan, places second, while Yangon, the largest city in Myanmar, comes third.
Chittagong in Bangladesh claims first place. The city boasts Bangladesh’s main port and is an important business hub within the South Asian region. Two Pakistani cities, Karachi and Lahore, round out the top three in this segment.
Kian Moini, a leading real estate expert, said: “The tide is now turning for green building in the emerging markets. We believe that the demand for environmentally-friendly real estate is not just a western trend – it is a global phenomenon.
House-hunters in regions such as South Asia are now on the lookout for all the latest property features, including eco-friendly options. It is not surprising, then, that we are seeing increasing demand on our platform for both homes and office space with sustainable, eco-friendly features.”