Investment in Land during Covid-19
2020-08-18 By Gharsansar 0 Comments
World wide COVID has created a big depression on the market According to WEC(World Economic Forum).
To the concern, it has affected a big depression in Real Estate Property as well. Due to the lack of transactions in daily wise and the break-in, the circulation of money has caused inflation to bigger Industries, Markets, Agriculture, Share Market, Gold, Silver, Real Estate Companies. Due to the lack of the transaction paper Money is on hold in the Banking Sector. Moreover in Real estate effect has been seen more seriously. Countries like DUBAI, MALAYSIA, INDIA, PHILIPPINES, EUROPEAN Countries, and even in USA/CHINA. According to World 2019 Till the month of July Real Estate was booming in Gross 54.578% and recent Data of 2020 till July Gross 11.455% has reduced to 87% Compared to the 2019 Data ratio.
2019 till July NEPAL Total 42.75%
- Residential Real Estate. 14.05 %
(includes both new construction and resale homes.)
- Commercial Real Estate. 7.56 %
( Shopping Centers, Strip Malls, Medical,
Educational Buildings, Hotels, offices. …)
- Industrial Real Estate. 5.15 %
- Land. 15.05%
Total Percentage(%) 42.75%
2020 till July NEPAL Total 19.72%
- Residential Real Estate. 7.23 %
(includes both new construction and resale homes.)
- Commercial Real Estate. 1.59 %
( Shopping Centers, Strip Malls, Medical,
Educational Buildings, Hotels, offices. …)
- Industrial Real Estate. 0.78 %
- Land. 10.12%
Total Percentage(%) 19.72%
Looking at the data in Real Estate has been affected more In Residential, Commercial & Industrial sectors widely. But in the case of Land, it has decreased by 4.93% compared to the previous year. Though price in the market has gone down slightly Land Buying & Selling Activity has been going Smoothly as per Malpot Offices & Different Banking Sectors( Nabil, Machapuchree, Siddhartha, Sanima, NIC Asia…).
Looking at the future Concern Land Sector has been an opportunity for a new Income Sector to most Investors even in the time of COVID Crisis here in Nepal. Most Sector Active in buying and Selling Land are Kathmandu, Lalitpur, Bhaktapur, Biratnagar, Pokhara, Chitwan … You can connect with GharSansar for more recent market changes. We will update you as per the market trends. The above information may fluctuate or may vary according to market conditions.