Table of Contents
Bangladesh’s real estate market is experiencing significant growth, driven by rapid urbanization and an expanding middle class. This article delves into the current trends and prices in the Bangladeshi property market, highlighting key aspects such as the top real estate companies, property prices, and the impact of economic factors. It also provides insights into the preferences for different types of properties, including duplex houses and government land, and discusses the role of private banks and internet service providers in the real estate sector.
Why You Should Read This Article
If you are considering investing in the Bangladeshi real estate market or simply want to understand the current trends and this article is essential reading. It offers a detailed analysis of the market, including the top 5 property prices, the top 5 real estate companies, and the top 50 buying options. Additionally, it covers the costs associated with duplex houses, government land, and the role of private banks and ISPs in facilitating real estate transactions.
Description of the Topic
House Price in Bangladesh: Current Trends and Challenges
The real estate market in Bangladesh has been booming, particularly in major cities like Dhaka and Chittagong. The demand for housing has increased substantially due to rapid urbanization and population growth, leading to a surge in property prices.
Top 5 Property Price in Bangladesh
- Dhaka: The capital city has seen a significant rise in property prices. Apartment prices have tripled in the last 15 years, with flat prices jumping by 390% from 200 2018. The average price per square meter to buy an apartment in the city center is around 90,977 BDT (Bangladeshi Taka).
- Chittagong: Chittagong, the second-largest city, also experiences high demand. The price per square meter for apartments outside the city center is around 50,861 BDT.
- Sylhet: Sylhet, known for its natural beauty, has seen a rise in property prices due to tourism and urban development. The average rent for a 900 sqft furnished accommodation in a normal area is about 30,495 BDT per month.
- Khulna: Khulna, an industrial city, has moderate property prices. The average price for a 1-bedroom apartment outside the city center is around 5,970 BDT per month.
- Rajshahi: Rajshahi, a city in northwestern Bangladesh, offers relatively affordable housing options. The average price for a 1-bedroom apartment outside the city center is about 4,000 BDT per month.
Top 5 Real Estate Companies in Bangladesh
- Bproperty: Known for its innovative digital transformation in the real estate sector, Bproperty offers virtual property fairs and consulting services.
- Shanta Holdings: Shanta Holdings is a prominent real estate developer with projects across Dhaka and other major cities.
- Navana Group: Navana Group is another major player with a diverse portfolio of real estate projects.
- Rupayan Group: Rupayan Group is recognized for its high-quality construction and innovative designs.
- Concord Group: Concord Group is a well-established real estate company with a strong presence in Dhaka.
Top 50 Buying House in Bangladesh
The choice of the top 50 buying options in Bangladesh depends on various factors such as location, affordability, and amenities. Here are some considerations:
- Location: Dhaka and Chittagong offer the highest demand and thus the highest prices.
- Affordability: Cities like Sylhet and Rajshahi provide more affordable options.
- Amenities: Look for properties with modern amenities such as security, parking, and community facilities.
Duplex House Price in Bangladesh
Duplex houses are gaining popularity due to their compact size and all-in-one living The prices for duplex houses vary significantly depending on location and amenities:
- Low-Cost Duplex House: In areas outside major cities, a low-cost duplex house can be found for around 15-20 lakh BDT (1.5-2 million BDT).
- Best Duplex House: In prime locations like Dhaka, a high-quality duplex house can cost upwards of 50-100 lakh BDT (5-10 million BDT).
Government Land Price in Bangladesh
Government land prices have been affected by recent policies, including reduced land registration taxes in certain areas:
- Current Prices: The price of government land varies widely but has become more affordable due to tax cuts. For example, land in certain areas can be bought at a lower cost compared to ready flats.
- Investment: Real estate is considered a relatively low-risk investment option in Bangladesh, with higher returns over time compared to saving money in banks or bonds.
Property for Sale in Chittagong, Bangladesh
Chittagong offers a range of properties for sale, from apartments to land:
- Apartment Prices: The average price per square meter for an apartment outside the city center is around 50,861 BDT.
- Land Prices: Land prices in Chittagong vary but are generally more affordable than in Dhaka.
Top 5 Private Bank in Bangladesh
Private banks play a crucial role in facilitating real estate transactions through mortgage services:
- Dutch-Bangla Bank: Known for its flexible mortgage plans and rates.
- BRAC Bank: Offers a range of mortgage products tailored to different customer needs.
- Standard Chartered Bank: Provides international-standard mortgage services with competitive rates.
- United Commercial Bank (UCB): Offers various mortgage plans with flexible repayment options.
- Eastern Bank Limited: Known for its customer-friendly mortgage services and competitive interest rates.
Top 5 ISP in Bangladesh
Internet Service Providers (ISPs) are crucial for real estate marketing and customer service:
- BTCL (Bangladesh Telecommunications Company Limited): The state-owned ISP offering a range of internet services.
- Citycell: A popular private ISP with reliable and fast internet services.
- Robi Axiata Limited: One of the largest private ISPs in Bangladesh, offering a wide range of plans.
- Grameenphone: The largest private ISP in Bangladesh, known for its extensive network and reliable services.
- Banglalink: Another major private ISP providing competitive internet plans.
Specifications
| Category | Description | Price Range (BDT) |
|---|---|---|
| Apartment (1 bedroom) in City Centre (Dhaka) | Average rent per month | 10,573.81 |
| Apartment (1 bedroom) Outside of Centre (Dhaka) | Average rent per month | 5,970.91 |
| Apartment (3 bedrooms) in City Centre (Dhaka) | Average rent per month | 26,421.95 |
| Apartment (3 bedrooms) Outside of Centre (Dhaka) | Average rent per month | 15,360.00 |
| Price per Square Meter to Buy Apartment in City Centre (Dhaka) | Average price | 90,977.62 |
| Price per Square Meter to Buy Apartment Outside of Centre (Dhaka) | Average price | 50,861.01 |
| Duplex House (Low-Cost) | Average price | 15-20 lakh |
| Duplex House (High-Quality) | Average price | 50-100 lakh |
| Government Land | Average price | Varies widely, but generally lower than ready flats |
| Apartment (1 bedroom) in Chittagong | Average rent per month | 30,495 |
| Land in Chittagong | Average price meter | 50,861 |
| Mortgage Interest Rate (Yearly, 20 Years Fixed-Rate) | Average rate | 9.84% |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | Average monthly cost | 1,846.32 |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | Average monthly cost | 654.65 |
| , Monthly Fee for 1 Adult | Average monthly cost | 1,540.00 |
| Tennis Court Rent (1 Hour on Weekend) | Average cost | 1,296.55 |
| Cinema, International Release, 1 Seat | Average cost | 500.00 |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | Average monthly cost | 4,333.33 |
| International Primary School, Yearly for 1 Child | Average yearly cost | 139,755.43 |
| 1 Pair of Jeans (Levis 501 Or Similar) | Average price | 2,017.00 |
| 1 Summer Dress in a Chain Store (Zara, H&M, …) | Average price | 2,100.00 |
| 1 Pair of Nike Running Shoes (Mid-Range) | Average price | 4,419.09 |
| 1 Pair of Men Leather Business Shoes | Average price | 4,145.94 |
YouTube Video
For a visual overview of the real estate market in Bangladesh, you can watch the following YouTube video:
Question and Answer
Q: What are the top trends in the real estate market in Bangladesh in 2024? A: The top trends include rising demand for studio apartments, transition to concrete blocks, preference for steel structures, digital transformation, and focus on green building practices.
Q: What are the average property prices in Dhaka and Chittagong? A: In Dhaka, the average price per square meter for an apartment in the city center is around 90,977 BDT. In Chittagong, the average price per square meter for an apartment outside the city center is around 50,861 BDT.
Q: How affordable are duplex houses in Bangladesh? A: Duplex houses can be found at varying prices. Low-cost options are available for around 15-20 lakh BDT, while high-quality duplex houses can cost upwards of 50-100 lakh BDT.
Q: What is the role of private banks in the real estate market? A: Private banks play a crucial role by offering mortgage services with competitive interest rates, facilitating real estate transactions.
Q: Which ISPs are prominent in Bangladesh? A: The top ISPs include BTCL, Citycell, Robi Axiata Limited, Grameenphone, and Banglalink.
In conclusion, Bangladesh’s real estate market is complex and influenced by various factors such as urbanization, economic conditions, and government policies. Understanding these trends and prices is essential for anyone considering investment or residence in this rapidly growing market.
