Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s real estate sector has shown a significant rebound, with property transactions surging by 52 percent in Chaitra (mid-March to mid-April) compared to the previous month, signaling renewed investor confidence and improving market momentum.
According to the Department of Land Management and Archives, a total of 55,531 property ownership transfer deeds (likhat) were registered in Chaitra, up sharply from 36,471 transactions recorded in Falgun. The earlier decline was partly attributed to 14 public holidays during Falgun, which had constrained market activity.
The latest data indicates a recovery in Nepal’s property market, often seen as a key barometer of broader economic sentiment. Stakeholders point to political developments and expectations of stability as major drivers behind the surge.
Among land revenue offices, Belbari Land Revenue Office recorded the highest number of transactions nationwide, with 1,863 deeds passed during the review period.
Within the Kathmandu Valley, transaction activity remained concentrated in key offices. The Bhaktapur Land Revenue Office led with 1,411 transactions, followed by:
This distribution highlights sustained demand in urban and peri-urban real estate corridors.
According to Bishnu Prasad Ghimire, President of the Nepal Land and Housing Developers Federation, the formation of a majority government has boosted investor confidence.
“Compared to previous months, real estate transactions have increased in Chaitra. The arrival of a new government has improved investor confidence and expectations of political stability,” he said.
The surge in transactions has translated into higher government revenue. In Chaitra, revenue collection from real estate transactions reached NPR 6.16 billion, a substantial increase from:
Industry insiders also attribute the increase in revenue to regulatory changes, particularly the implementation of licensing provisions, which are expected to formalize transactions and improve compliance.
Ghimire noted that earlier practices of undervaluation during property transfers are gradually being replaced by transactions at prevailing market rates, thereby enhancing government revenue streams.
The latest figures suggest a short-term recovery trend in Nepal’s real estate sector, supported by improving sentiment, regulatory tightening, and expectations of political stability. Analysts note that sustained growth will depend on factors such as interest rates, liquidity conditions, and broader macroeconomic stability in Nepal.
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