Property for sale in Bangladesh
Bangladesh, located east of India on the Bay of Bengal, is a South-Asian country with dense vegetation and numerous waterways. On the south coast, the Sundarbans, the huge mangrove forest shared with the east of India, is where the Bengal royal tiger lives. It borders on all sides with India with the exception of a small stretch, in the extreme southeast, where it borders with Burma; to the south it is bathed by the Bay of Bengal. Its capital is Dhaka.
The sudden urbanization in Bangladesh can best be described by the term over-urbanization. It is the form of urbanization that does not lead to a parallel growth of the economy or industry, but is the result of a huge number of people moving to cities from rural areas and looking for property for sale in Bangladesh. However, this phenomenon has fuelled the journey of the real estate market in Bangladesh. Industry has taken responsibility for providing accommodation to the growing number of city dwellers.
The real estate sector is a crucial sector that has different multiplier effects in the economy. The real estate sector generates the most jobs after agriculture and the garment industry. In the last two decades, the real estate sector contributed 8.24% to the overall GDP of Bangladesh.
The purchasing power of the Bangladeshi people has seen an increase in recent years.
The increase in the cost of living has led to a high demand for the purchase of apartments and property for sale in Bangladesh. Most people want to buy an apartment to try to escape from high income. In addition, apartment prices have fallen by 20-30% over the last 4 years.
Investments in real estate have seen an increase in recent years. In Bangladesh, the GDP rose to 30.27 % in the year 2016-17. This is an increase compared to the 29.65% of the previous year.
The real estate sector in Bangladesh is currently turning into an important part of the country. The real estate sector also guarantees the growth of various related industries and therefore generates many jobs for people. It is showing great potential to be an interesting investment opportunity.
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