Trends: Bangladesh's Property Market Analysis & Reports

Trends July 28, 2022

Most Commonly Asked Interior Design Questions Answered

Reading Time: 3 minutes In recent times, more and more people are expressing interest in decorating their homes with a touch of their unique taste. Thus, it is not unusual to find homeowners who would prefer to hire designers because they know they’ll not only get professional touches that only interior designers can give. They are also aware of the fact that unusual design secrets of interior transformations can only be given by a professional designer. However, since the majority of the people don’t have a clear understanding of interior design, it is natural for them to have some questions. So in today’s blog, we will be sharing with you some FAQs of interior design that might answer your queries. Can I afford interior design services? One of the most common FAQs of interior design is regarding the budget. Many people question if hiring a designer would be affordable or not. You can often…

Trends July 26, 2022

Leasehold Property: Pros and Cons

Reading Time: 3 minutes Before investing in the housing market, it is crucial to understand the nature of the market, property types, and all the associated legal procedures. Since there are two types of property in Bangladesh – freehold and leasehold, it is essential to learn about them before making any purchasing decision. For freehold property, the rule is quite simple, you just need to check all the associated legal documents for their validity before making the transaction and the property is yours. For leasehold properties, however, the scenario is entirely different. You must seek additional legal documents, including an allotment and possession letter. But there is a lot more to it than meets the eye. Having that said, we’ll go over what a leasehold house is and lay out the pros and cons of buying a leasehold property for you if you’re considering purchasing one. What is a leasehold property? In a leasehold…

Trends July 19, 2022

Why are secondary properties getting so popular?

Reading Time: 4 minutes Since its inception as an industry in 1991, Bangladesh’s housing sector has undergone many changes. It would not take long to fully mature as a thriving sector. Then the pandemic hit and changed everything. The housing sector took a massive toll before the government could take necessary measures to prevent it from falling. Although the much-needed timely actions helped the industry to stand back on its feet, they also set a new course for the real estate trend in Bangladesh. The tendency to buy secondhand/secondary properties outweighed the propensity to purchase the primary property. And with the added impact of the ongoing clash on Europe’s border, the trend seemed to have become more prevalent. But why did the direction change in recent times? And what are the factors driving secondary property’s popularity? We will be answering all these questions in this article. Affordability with the added convenience One of the…

Trends July 12, 2022

What to consider before buying land

Reading Time: 3 minutes Buying a piece of land as an investment property is prevalent in Bangladesh. However, considering all the things that could go wrong when investing in a piece of land, the associated risk with the investment can not be ignored. From determining the right price of the land, and vetting the documents to all the legal issues in every step, there are plenty of things to consider before buying land. Miss one and you can fall victim to trickery and lose everything in the process. But there are other things such as the location, nearby amenities, and the size that can affect the value of the land. This article will discuss exactly what you should look for before buying a piece of land. Location the land Wherever you plan to build your home in the city, it is very important to have a proper understanding of the land’s location to determine…

Trends June 28, 2022

What’s new for real estate in the Fiscal Year of 2022-2023?

Reading Time: 4 minutes The budget this year has brought forth many regulatory changes to have a good hold on the economy and maximize its growth. A number of initiatives have been taken to boost the economy by facilitating different sectors with various incentives and significant budget allocations. The real estate sector, on the other hand, is an exception. Although not in a terrible position right now, the real estate in the Fiscal Year of 2022-2023 could be in a vulnerable state due to both uncertainties in regulatory changes and certain regulatory changes. Here is what is new for real estate in the Fiscal Year of 2022-2023. Withdrawal of untaxed money investing in real estate? In FY 21, the government issued a bill in the parliament regarding the legalization of undisclosed money investing in real estate in an effort to save the sector from incurring losses. And soon after the green light from the…

Trends June 25, 2022

Looking back at the fiscal year 2021-2022: What happened in the Real estate sector

Reading Time: 5 minutes In what seemed to be a never-ending saga of uncertainties for the global economy during the pandemic, Bangladesh’s real estate sector remained somewhat steady as opposed to some countries. With the enactment of the revised budget for FY 2020-2021, a couple of new regulations were put in place to save the real estate market from the impact of pandemic. And it worked. The real estate sector bounced back and the future was looking great at the beginning of 2021. But in the wake of an armed clash on Europe’s border, the situation has become very precarious once again with the world economy on the receiving end of a fatal blow. And this time the crisis could spell even more bad news for the real estate sector in Bangladesh. Here is what happened in the real estate market in Bangladesh in FY 2021-2022? Raw material price In the wake of the…

Trends June 18, 2022

Promising areas of Dhaka with best flat price for new investors

Reading Time: 4 minutes If you are new to the real estate business, there is one particular thing you want to be fully aware of – Market Trends. More than anything else, you must have a proper idea of how the market works and how property value appreciates and depreciates. To that end, you can start with making a competitive analysis of the areas you want to invest your money in. But finding the right areas to invest in is not as simple. However, Bproperty can help you with that. We have access to a huge amount of data to conduct such analysis to find out the right areas with the best flat price for new investors. In the following, we will be discussing why we picked these areas for the new real estate investors to invest in and what makes them promising. Dakshin Khan There is hardly any area in Dhaka right now…

Trends June 14, 2022

Most popular areas to buy flats in Dhaka 2022

Reading Time: 4 minutes Not all areas of Dhaka are equally popular for settling down in. Different areas become popular for different reasons. Some areas may offer better value for money, some may offer better facilities than others, and some areas may interest buyers with their better future value appreciation prospects. Or sometimes it is the sentimental value that added to the popularity of a locality. That is why it is important to know what the area has to offer before making a decision. That way you will know exactly where you should look. That being said, here are some of the most popular areas to buy flats in Dhaka 2022 (according to Bproperty’s website traffic) and what made them so popular. Dhanmondi Visitors: 13.76% of total visitors Dhanmondi is one of the oldest neighborhoods of Dhaka and boasts every modern facility and amenity you need to lead a fulfilling city life. Close proximity…

Trends June 7, 2022

Area Wise Flat Price Comparison in Dhaka: 2020 vs 2021

Reading Time: 7 minutes When it comes to buying, selling, or investing in apartments, having in-depth knowledge of the current price trends for flats is crucial. These trends help investors, buyers, and sellers to know whether it is the correct time to buy or sell properties in Dhaka. Moreover, current flat price trends and their movement over the years show the overall direction of the real estate market. According to Bproperty data, in 2021, the average price per sft for a flat in Dhaka stood at 6,340 BDT, which was 2% less than the year 2020. In that time period, nearly 38 localities showed an upward price trend while 29 localities witnessed a downward trend out of 67 areas of Dhaka compared to 2020. But, the scenario is changing for Dhaka in 2022. Based on the data as of April 2022, the average price per sft for a flat in Dhaka increased by 9%…

Trends May 31, 2022

What is Mutation Khatiyan and How to Execute It?

Reading Time: 3 minutes In order to buy, sell or hand over any property, one must undergo quite a few legal procedures. After purchasing a property, completing the execution of the Mutation Khatiyan is the most important legal procedure after the registration. Because if not executed, there is a possibility to become ousted from the property due to loopholes in the law. Yet, to many people, the process of mutating a property is hard to understand. However, that is gonna change today. In this article, we will be discussing everything that you need to know about Mutation Khatiyan, why it is important, and most importantly how to execute it. What is mutation Mutation Khatiyan or Namjari is a legally upheld document that is prepared to rule out any complication regarding the ownership of a piece of land. When a person or organization gets the ownership of a piece of land legally by updating the…