Real estate investment is a great investment all over the world which can be a good long-term investment if the value increases over time. Real estate in Nepal is one of the most promising fields of investment, as it offers excellent profit at a small risk. In this article, we are discussing some awesome reasons why you should invest in real estate in Nepal.
The real estate price in the democratic republic country including land and house evidently is always rising. Though real estate is somehow affected by this pandemic situation, the statistics show that the amount will continue to upsurge in the upcoming years.
However, you need to make sure to start investing in real estate. For one, you will need to put down a significant amount of money up front to begin real estate investing.
If you have a budget and thinking of investing in real-estate in Nepal, then you should definitely do it. Here are some reasons why you should invest in real estate in Nepal.
1. Earn Passive Income For Life
The number one reason to invest in real estate is to generate a passive income for yourself. You can enjoy more of the things you want. Maybe you are hesitant to invest in real estate because you’re not looking for another full-time or part-time obligation.
2. Use Market Cycles to your Advantage
Effective market timing (buy low/sell high) is an important component of successful real estate investing. It is difficult to manage your investment timing even if a market has reached the bottom of the real estate cycle. You should note an upward trend to take action (if it means paying slightly more than you would at the bottom of the cycle). This strategical action in right time can translate your investment into strong future returns.
3. Price Growth
Nepal Land and Housing Developers Association (NLHDA) says that the prices of lands in Nepal have grown by 300% since 2003. Moreover, this is by taking the average of entire parts of Nepal, and the numbers are more exciting for real estate traders in city areas such as Kathmandu Pokhara, Biratnagar, Chitwan, etc. According to statistics, the land prices have been increasing at 40 to 50 percent in town areas in recent years. The growth rate is almost similar for houses, and the same study shows that housing accounts for 15-35 percent of Nepal’s total investment.
If you ask experts, they will tell you that the cost of real estate in Nepal is still going to rise and won’t come down for some decades. Though the coronavirus will affect the real estate industry to some extent, it will bloom again in some years.
4. Flexibility to Sell at Right Time.
If you want to move, but the market conditions aren’t the best. Besides, selling your property for a loss, you can rent out your property until market conditions get on the best structure. Renting your property provides you the flexibility of selling your property you’re in a better position to make a profit off your property.
9. Wealth Creation
Over time, strategically selected real estate investments can be powerful tools for wealth creation. The value of your investment property accelerates with the time. The result is increased equity and increased wealth to your account which can make your life easier to live.
These are the reasons why you should invest in real estate in Nepal. Hope this article is informative for you. to read more blogs like this. Click Here. If you are about to sell, rent, or invest any real estate property you can always visit basobaas.com.