Last Saturday in Dhaka, the South Asian Network on Economic Modeling (SANEM) took place, with the aim of promoting quality economic research among academics, researchers, students and policy advocates.
Did you know that 80 percent of online house-hunting is done by males in Bangladesh? That is a surprising fact, given that in a lot of South Asian countries the property search is more balanced.
You might be wondering:
What age group are most of the property hunters in? Our data reveals that the majority fall in the 25-34 age group. Property is a young man’s game, and it seems contrary to the popular belief that it is mostly the over 30’s that dominate the property game.
The family unit
Decision making is still performed as a family unit. 64 percent of people make decisions to buy or rent based on a joint democratic decision. While males still dominate online searches, with 79 percent of all online searches, the trend is slowly changing. More and more women are taking a front seat when it comes to finding the family dream home.
When you think about what country you should invest in, you are heavily reliant on solid economic publications to base your decision on. The SANEM discussed various best practises for economists to provide up to date, reliable academic journals for investors to refer to.
But here’s the kicker:
Without reliable publications such as the Real Estate Market Report 2015 and academic journals, investors will be reluctant to further invest in Bangladesh and its hopes of becoming a middle income country will be hampered.