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    Nepal Breaking NewsGeneral NewsKarnali is on the verge of seeing a real estate price increase.

    Karnali is on the verge of seeing a real estate price increase.

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    According to a survey performed by Nepal Rastra Bank (NRB) and released on Friday, the district of Karnali has experienced the greatest increase in real estate values, surpassing the federal capital of Bagmati in the process. on real estate transactions, real estate prices in Karnali increased by an average of 23.88 percent and in Bagmati Pradesh by an average of 5.95 percent in the first nine months of 2020/2021, according to the study’s findings.

    However, the study only included 20 participants and picked only two districts each of seven provinces. According to Prakash Shrestha, executive director of the NRB’s economic research department, particular areas of the municipality with a high concentration of real estate transactions were chosen for the study, which he described as

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    This type of research is being carried out for the first time in Nepal. The next year, real estate values increased by 17.42 percent in Province 2, 14.45 percent in Lumbini, 14.20 percent in Province 1, 11.83 percent in Gandaki, and 6.35 percent in the Far region of the country. This number is derived on information gathered the Land Revenue Office (LRO). On the other hand, according to commercial banks’ assessments of real estate, Gandaki is the with the greatest in property prices.

    Real estate prices in Gandaki have risen by an average of 19.19 percent in the first nine months of the previous fiscal year, according to this methodology. A similar increase of 19.02 percent occurred in Karnali, 18.26 percent in Bagmati, 16.32 percent in Far West, 16.02 percent in Province 2, 15.14 percent in Province 1, and 4.32 percent in Lumbini. In addition, it increased by 18.26 percent in Bagmati, 16.32 percent in Far West, 16.02 percent in Province 2, 15.14 percent in Province 1, and 4.32 percent in Lumbini. A bank assessment indicates that the real estate price in Province 2 climbed by 43.11 percent in the 2019/2020, according to the bank valuation.

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    According to the number of loan transactions and the number of branches in each bank, samples were collected for the study six banks in Nepal. NIC Asia, Global IME, Everest, Rastriya Banijya, Prabhu Bank, and NRB were among the banks involved. The research carried out in order to determine the swings in real estate values.


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