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When it comes to housing, people have generally considered living bigger as better in the past. However, with the booming population, economical and social issues, we no longer have the option to think that way. It’s safe to say that Bangladesh being one of the most populated countries in the world raises concerns for what other nations are constantly trying to battle against, too – a way to make housing comfortable with the rapidly increasing population. So, how can micro-apartments help in this scenario? Read below to know more about the concept of micro-living and how living in a small house can improve our living conditions. So, what’s the point of these tiny residences? Micro-living is just that – unusually small apartments. They are often built as single units or individual houses that are between 300-700 square feet. These tiny homes usually have one room that is high in functionality…

So the largest Bengali festival, Pohela Boishakh, is just around the corner! April had an amazing string of events this year and celebrating Pohela Boishakh makes it even better. Every year, enthusiastic Bengalis and an array of events welcome Pohela Boishakh in a striking manner. Through this event, the Bengalis bid their goodbyes to the existing year and greet the new one. The government organizes various events to mark the day. In 2016, UNESCO included Mongol Shobhajatra in the list of Intangible Cultural Heritage. Read below to learn more about celebrating Pohela Boishakh and its significance. How it started There are many theories behind the start of Pohela Boishakh. Some people believe that the Mughal Emperor Akbar started it; others believe that the occasion has some correlation to Vaisakhi that many Hindus and Sikh celebrate. However, a majority believes in the Mughal theory. During the Mughal rule, people heavily relied…

Investing in commercial real estate is very rewarding but can also be very challenging. Choosing the right property to invest in for your business is perhaps the most crucial decision and can determine how much your business will thrive. Therefore, it is essential to evaluate the financial potential of your property. Here are a few key points to make sure you purchase wisely. Q: Which location should I choose? Location is the number one priority in choosing the ideal commercial property. Some businesses perform well in specific areas, while others do not. Be sure to consider your target group, and if your business location is accessible to them. In addition, choose your location based on the volume of people in the area and probability of attracting customers. For example, a super mall will do better in an area with high density of people, instead in an isolated neighborhood. Q: What…

Real estate was once considered a man’s world – an industry dominated by male property agents, brokers and investors. Increasingly women are breaking through any perceived glass ceiling to find a wealth of opportunities available to them in this traditionally male-dominated field. To coincide with International Women’s Day, held annually on March 8, global property network we celebrates women who are making their mark in real estate in emerging countries around the world. Sakina Hassanali Position: Marketing Manager at HassConsult Real Estate Country: Kenya The Kenyan real estate market, which in the past was dominated by men, has recently seen women take the industry to greater heights. Sakina Hassanali is one woman who is helping to revolutionize the industry. She believes that a woman’s intuitive nature is what has helped the family-run business where she works, HassConsult Real Estate, succeed. “Women have a natural knack for relationship building and given…

A real estate bubble is an economic phenomenon that can occur locally, or in global real estate markets. Whatever the cause may be of its emergence, it is viewed as dangerous because of its potential to lead to an economic downturn. Therefore, it is important to refine your financial knowledge and vocabulary to have an edge in the property business. What exactly is a real estate bubble? A ball thrown up will eventually come down. That is essentially a real estate bubble. When property values rise very quickly, economists agree that it is a sign of a real estate bubble and that when property valuation becomes so high and unsustainable the prices will plummet – like a bubble bursting. When does a real estate bubble occur? It all starts with a positive shift to the demand curve. This can be due to increase in population in a region, easy mortgage…

Every customer and retailer will at some point face an online scam. Although there have been a number of reports to warn customers, there are still regular complaints about fraudsters using the Internet to scam innocent buyers. Instead of the number of scams decreasing, over time scammers have become more sophisticated. They have created surprisingly good websites, which look official and trustworthy. Using the anonymity of the Internet, scammers normally contact you via email, hiding behind the screen. The best thing you can do in order to protect yourself is to be aware. Bproperty, the online marketplace for real estate, has listed indications for how to detect scams and online fraud. Be aware if: – You are asked for upfront payments or fees before you have met or signed a contract – You are told to send money before you meet the seller – You are told that the ‘seller’…

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,…

Did you know that Bangladesh is one of the most densely populated places in the world? That provides several complexities that the government must tackle head on.  With so many people clamoring for a limited supply of apartments, the decision to rent or buy is ever more important. Most families are looking to buy Despite popular belief that most people are looking to rent, over 60 percent in reality are seeking to buy. This is understandable, given the rent increases that have spiraled out of control in the past decade, in some areas up to 10 percent. So what is the decision process? With so many people hoping to get their own place, what is holding them back? Well there are a few difficulties. The first is access to capital. And while getting a mortgage is becoming easier and easier, there are still some difficulties. Loans of up to BDT…

Right on the back of narrowly losing against India in the Asia Cup final, Bangladesh are back in action again, pitting their wits against the Netherlands. Bangladesh, with a 2-1 ODI series victory over India in June 2015, is a different animal than the 2004 team. They have a fantastic squad at the moment, probably the best ever. Bangladesh will take on the Netherlands in the first Group A fixture at the Himachal Pradesh Cricket Association Stadium, Dharamsala tomorrow Wednesday March 9th. Where to watch Bangladesh live The game kicks off at 3pm IST and as usual coverage is on Sky Sports 2 and Sky Sports 2 HD, or Star Sports 1 and Star Sports 3 will telecast it in India. Check out some great bars that show the big games Background Bangladesh is now one of the firm favorites to progress to the group stages of the T20 World…

Virtual reality provides a perfect opportunity for property investors to view real estate without ever visiting the country in question. Virtual reality provides a cost-effective alternative to flying to a city, meeting an agent, staying in a hotel, and all the other concomitant expenses. VR puts the buyer back in control. You no longer have to follow closely after the estate agent during house views, through a planned sequence of rooms and stops. The buyer can thoroughly visit a room in detail and loop back around at any moment. Potential buyers can take 360-degree tours of many homes and neighborhoods before ever visiting. In most cases a shortlist can be created where eventually just one trip might be required to visit all the properties in one go. VR will really open up how agents can sell new development, that are still under construction. With rich, detailed, digital content, a VR…