Real Estate Transactions Show Significant Growth in Q3 FY 2082/83

Kathmandu. According to the report titled 'Real Estate Transaction Trends and Current Status' published by the Economic Research Department of Nepal Rastra Bank, a significant increase in real estate transactions was observed in the third quarter of fiscal year 2082/83. The report's data shows a notable improvement in transaction numbers, area, total value, and revenue collection compared to the previous year. Nationally, total transaction numbers increased by 6.42% in the review period compared to the same period last year, whereas last year it had decreased by 4.52%. Similarly, written transaction increased by 0.62% and resignation transaction by 12.17%. The total area transacted also grew by 1.60%. In the third quarter of fiscal year 2082/83, real estate worth Rs 183.90 billion was bought and sold. In the same period last year, this amount was only Rs 100.07 billion. With the increase in transactions, the government's revenue collection also increased by 23.72%. Capital gains tax also saw a surge of 31.42%. However, the growth rate of bank loans flowing into the real estate sector has decreased to 5.55% this year compared to 7.52% last year. Analyzing the provincial situation, the Bagmati Province shows the most thriving real estate transactions. In this province, resignation transaction numbers increased by 33.01%. In contrast, this transaction decreased by 4.79% in the Madhesh Province. Transactions increased in all other provinces. Based on the total area transacted, Gandaki Province saw the highest growth of 24.84%, while Madhesh Province experienced a decline of 9.33%. However, the total value of transactions increased in all seven provinces, with Bagmati Province showing the highest increase of 131.52% and Madhesh Province the lowest increase of 22.67%. In terms of land size, plots ranging from two and a half to ten annas were transacted the most in all seven provinces. Last year, plots larger than twenty annas were sold more in Madhesh Province, but this trend has changed this year. The real estate transaction situation is very positive in all six metropolitan cities of the country. In Kathmandu Metropolitan City, the total transaction number increased the most by 108.42%. This is followed by Pokhara with an 82.15% increase, Lalitpur with 73.81%, Birgunj with 31.07%, Bharatpur with 29.21%, and Biratnagar with 27.92%. The total area and total value transacted in metropolitan cities have also increased. Kathmandu Metropolitan City leads in both area and value. Data clearly shows that in Kathmandu, the area increased by 119.89% and the transaction value by 223.12%. Data from sub-metropolitan cities also indicates an improvement in real estate transactions. Except for Kalaiya Sub-Metropolitan City, transaction numbers increased in all other sub-metropolitan cities. Butwal saw the highest increase in transaction numbers by 56.79%, while Kalaiya saw a decrease of 6.95%. Based on the total transacted area, all sub-metropolitan cities except Kalaiya and Nepalgunj have seen an increase. Tulsipur saw a 42.74% increase in area, while Nepalgunj saw a decrease of 68.29%. However, the total transaction value increased in all eleven sub-metropolitan cities of the country. In terms of value increase, Tulsipur Sub-Metropolitan City is at the forefront with a 134.46% increase.