House price in Nepal | Buy House in Kathmandu - Gharsansar

House price in Nepal differs from the location, services available there and the geographical structure of that place. Whatever the status of an individual, he/she will at a point desire to have a house of his/her own where they could rest after all of the working hours. Those who have stayed before in a rental house do know the satisfaction of having their own house. But before getting to the point of purchasing any house, there are different things without which one can get into a disadvantageous point. Our agency works just for those reasons to provide the best deals and qualitative information to our customers. If you seek our help, we assure you to get the best that you desire without much of a struggle on your side.

If you are seeking to have a house in Nepal, then let us suggest to you first that if you are thinking of building one then it might cost you more than buying it. If you are a foreigner and doesn’t know much about the types of houses available in Nepal then here is a list of them with few details:- 

1) Traditional House of Nepal 

The houses of multilayered clay, thatched roof and wooden pillars are the traditional houses which were very popular in the previous centuries. However their weak structure clearly mentions the unsafe situation during natural calamities. They cost mostly around 10-25 lakhs. The price may vary more with respect to the available facilities around it. So we can say that they can’t be the best place to be during disasters but they were mainly popular among farmers mainly due to their low cost. They are also well facilitated to store seasonal crops for a longer time by farmers. As per the changing generation the traditional houses are getting closer to vanishing day by day.

2) Stone Walled Houses

The beginning of stone walled houses are from the mountainous region as they were very warm and comfy for facing the cold during winter season. Stone walled house with thatched roof gives off the sensation of a traditional house. Such houses when built under the supervision of any technical personnel can be more durable but yet not much reliable during disaster. However they do look very attractive to the eyes. They are more expensive than the traditional houses.

3) Concrete Designed 

It’s safer than the other mentioned above but also one of the costly ways to build a house too. It can be single-family house owned or in a way. Single family houses only belong to a family which is becoming common in the rural areas but the joint- family house is a rental house which might be rented by companies or a group of other families for different purposes. It is usually popular in the suburban areas.

4) Condominium

Apartments and condominiums are similar with the minor difference that when someone buys a flat without the land ownership it is called condominium and when renting a flat is called apartment. Mostly the initial point of new business starts in condominiums in big cities. So if you are planning to start a business in any big city then the condominiums might be the best choice rather than paying up every month in rent (for an apartment). These condominiums give the sensation of luxurious lifestyle since some of them consist of a swimming pool, game halls and other recreational facilities.

5) Bungalow

A shiny eye-catching designed two storied building with mostly the whitish creamy color usually represent the western rich lifestyle, such buildings are usually taken as bungalows. They are usually very expensive however in comparison to some most decorated buildings they can be in the second or third position in terms of expense.  

About the Transaction Costs While Buying Home in Kathmandu

In Nepal, buying costs are usually low compared to other developed nations.

Total Costs are usually paid by the buyer and the seller rarely has to pay a penny.

Total TRANSACTION COSTS paid by the buyer = 1.01% - 4.51%

Total Registration Fees In The Municipal Areas

Total Registration Fees In Non- Municipal Areas

If you decide to rent your home or some rooms, then you will be subjected to pay 10% tax to the government.

The tax for apartments based in municipal or non-municipal is only 1% of the total property’s worth. You will get a 50% concession for any unit higher than 5 stories.

For any kind of group housing like ‘Civil Homes’, a total of 2% tax is applicable, for both municipal and non-municipal areas. Especially inside Kathmandu valley, an extra 5% tax is applicable on your property’s worth, which is charged by Bagmati Savyata Kosh.

As an encouragement, a total of 25% tax concession is available to a women owner in the municipal areas and a total of 30% concession in non-municipal areas. Transferring the property to your wife or mother can save you some amount, especially if you own very large real estate.

How difficult is the property purchase process in Nepal?

Footnotes to Transaction Costs Table

Registration Fee

Registration fee is levied at different rates, depending on the property value and the location of the property. Registration fees are around 2% to 4.50% for land and land with houses, and 1% for flats.

Legal Fee

Legal fees are around 0.01% of the property value.

If any of these types of house has caught your attention to live in then please just don’t start rushing for it yet there is a collection of information which would be advantageous for you. If you want to buy a house in nepal then please pay attention for your own profit:-