Posted by: fortunefaded January 18, 2010
Investment in Nepal: LAND
Login in to Rate this Post:     0       ?        
Remittance (the major source of fund for buying land) is declining at a greater rate than expected. Nepali banks are getting overexposed to overpriced real estate. There is a liquidity crunch in the country and number of land transactions has started declining. A massive sell off is coming and it will be brutal. Are there people in Nepal who can afford 10 lakh/anna land? If I were you, I would sell it for 5 before it hits 3.

Good luck,
FF
Read Full Discussion Thread for this article