Real estate in Bangladesh refers to the industry and market related to the buying, selling, and development of properties in the country.
The industry has been boosted by rapid economic growth, increased demand for real estate housing, and the emergence of a middle class.
[5] During the years 1990-1992, Bangladesh underwent economic changes following a shift in government, resulting in a recession within the real estate market due to a decline in investor interest.
[6] The Real Estate Housing Association of Bangladesh (REHAB) was established in 1991 to standardize industry practices and promote consumer confidence.
[7] In 2004-2006, the real estate market in Bangladesh faced a significant increase in investment and a surge in supply, attracting both investors and new entrepreneurs.
However, during 2006-08, the real estate sector experienced a downturn, due to a changed socio-political scenario, resulting in declining trends and causing many novice realtors to exit the business.
[16] According to the Bangladesh Bank's Monetary Policy Review Report, in 1975, the price of a one-katha plot of land in Gulshan was 25,000 Bangladeshi taka ($1,800 in 1975).