Real Estate Business Shows Significant Improvement
Summary
Real estate transactions in Nepal nearly doubled in the last fiscal year, with total value reaching Rs 720.86 billion, according to Nepal Rastra Bank. Government revenue, capital gains tax collection, and bank lending to the sector also rose sharply, while Bagmati Province and Kathmandu Metropolitan City posted the strongest gains.
Key Points
- Real estate transactions in Nepal rose sharply in the last fiscal year, reaching Rs 720.86 billion from Rs 386.15 billion a year earlier.
- The number of transactions increased by 4.74 percent, while the transacted area grew by 15.41 percent.
- Government revenue from real estate transactions climbed 48.26 percent, and capital gains tax collection rose 63.22 percent.
- Bank and financial institution lending to the real estate sector increased 6.13 percent to Rs 741.70 billion.
