Bangladesh Real Estate Market Update
Enabled by policy environment, the country is set to enjoy a high growth trajectory in coming years.
The People’s Republic of Bangladesh is a South Asian country with abundant natural beauty, numerous rivers, longest natural beach, and an aspiring population base, 65% of whom are of working age.
Bangladesh is a noted country globally for its journey towards becoming a middle-income nation. It has demonstrated a sustained momentum in GDP growth and has made a remarkable development in its social enterprise sector. The country is world’s second largest ready-made garments exporter, after China.
In terms of urbanisation, Bangladesh has experienced a notable growth. The urban population of the country has nearly trebled in between 1990 and 2018. There are heightened interests from regional players to invest in its real estate sector, in association with the government through public–private partnership (PPP) or private players.
Organised real estate activities in Bangladesh are concentrated in two of its largest cities: Dhaka and Chittagong. Dhaka is the capital, the largest city of the country and the fastest growing mega-city in the world. The city’s economy is on a high growth trajectory and real estate is one of its major contributors.
With an expanding economy and increased investment in infrastructure flowing from private and public sources, Bangladesh stands at an important juncture. If enabled by required policy support, the country is likely to move towards sustained growth in coming years.