Posted by: pire October 4, 2010
Buying land in kathmandu
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Unless you really need it, I would suggest to wait for next two years.

Nepal Rashtra Bank has tightened regulation on loan given to land sector, and asked banks to reduce it to 5 (10?)% by next two years. Big land holders are now scared to death and they are trying to slow down the fall of price as much as they can. But the price has definitely stopped increasing, and a new report said that no land transaction in the amount more than 50 lakh took place in the last two months.(It was in Kantipur or nagariknews, on a report on why revenue has not increased this year).

Most of these landowners are not going to lose anything, because they bought land two or three years ago at dirt cheap price. So, they can afford to stop selling it now. But those big landowners who entered late and small landowners who entered the market late and took loans from the bank are said to be squeezed.

You can see 1ropani.com or hamrobazaar.com (real estate) for latest trend.
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