Real Estate Industry in Bangladesh
Apartment sales down 17pc in FY23
Overall sales of flats declined nearly 17 per cent in the last fiscal year of 2022-23 owing to economic uncertainties and a rise in prices of raw materials, according to realtors.
‘Rise in tax to fuel prices of construction materials’
Realtors today said the cost of various raw materials, including rod and lift, will increase in the next fiscal year because of the increase in value added tax and customs tariff.
Walk the talk with realtors
If we look at the cost side, we would see that 40 percent of the cost goes towards land. As the prices of land are not decreasing, we do not see overall improvement in this particular sector.
Apartment sales down 17pc in FY23
Overall sales of flats declined nearly 17 per cent in the last fiscal year of 2022-23 owing to economic uncertainties and a rise in prices of raw materials, according to realtors.
‘Rise in tax to fuel prices of construction materials’
Realtors today said the cost of various raw materials, including rod and lift, will increase in the next fiscal year because of the increase in value added tax and customs tariff.
Walk the talk with realtors
If we look at the cost side, we would see that 40 percent of the cost goes towards land. As the prices of land are not decreasing, we do not see overall improvement in this particular sector.