Posted by: kulsonam December 31, 2012
Real Estate Bubble
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I see it differently. I see real opportunity to buy real estate if you have money right now. I see the rates of 1-2 bedroom apartment going for less than $50k with all amazing facilities that you can count on--underground parking space, walled security premises with swimming pool, basketball court yard, laundry facilities. You name it  and it is there all for under $50k for 2 bedroom.

I am VERY OPTIMISTIC about nepal economy than any other. 3 reasons:
1. Nepal Rastra bank has foreign currency surplus of US$ 2billion annually. Yes Nepal Rastra bank has that much of money. All the remittance coming to the country. It is only going up. No of workers going to abroad has jumped from 500 to 1500 daily. That is a huge number. Total number of workers going abroad stands at 6 million I think. Average entry level worker earns $300/monthly. So you do the math.
2. Nepal govt is collecting more tax than it can spend. So the govt has budget surplus. Due to increase in import and VAT, govt has noproblem collecting revenue. So that is good thing.
3. Tourist is up and up and up. Forget about getting hotel room, mountain flights and other services Peak season in Nepal during march-april-may and oct-Nov.
 

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