Housing Report Market Survey in Nepal

Amid the current financial recession when all industries appear to be toppling, property industry is still somewhat stable. Although there is an evident slowdown in the industry, yet it is growing. So the requirement for real estate professionals has not eroded and every property company needs a property professional. Today, when career opportunities in other professions show a great deal of

Real estate is a legal term that includes land along with anything permanently affixed to the land such as buildings, fences and things attached to the buildings, such as plumbing, heating, and light fixtures. The properties not affixed are regarded as personal property.

The term real estate is considered synonymous with real property. But sometimes, in certain situations the term refers to land along with its fixtures while the term real property refers to the ownership of land along with all that is adjunct with it that is of permanent nature such as trees, structures, minerals and the benefits, inherent rights and interests

House, a shelter for people, which is one of a basic requirement for human survival in today’s world. According to Andriotis (2014) and Shlay (2006), homeownership is regarded as an aspect of the American dream for a long time (p.1) (p.527). The American dream, a pursuit that a large number of US citizens seek, require individuals work hard to achieve it. In other words, owing a property has long been a gateway to the American dream. Individuals have possession of the house if they have enough money to afford the payment on a home and be willing to purchase it. Otherwise, people need to rent a house to guarantee that they have a relatively fixed shelter. However, there are the limited rights for the tenants, and thus they have to depend on the decision of owners, whereas the landlords have the power to make a decision on the property since they have the housing ownership. Hence, whether to buy or rent have become a fundamental problem that plagues the individuals. Elsinga and Hoekstra (2005) point that the homeownership not only in favor of personal, but also benefit the community (p.403). Therefore, buying a house is over than renting since it brings tremendous benefits to individuals. Specifically, purchasing a property is a desirable option that generates tax benefit, build self-confidence for owners, and profits the construction of the community harmony rather than renting a house.

The real estate market of Australia tries to develop and emerge continuously. As an outcome, many a number of Australians invest on properties without any hesitant. But, the basic concepts in relation with the real estate industry are still fairly new to several consumers and are also easily confused even with the most common terms utilized in the industry.

As “Mumbai boomed on the back of its port and textile mills, poor peasants flowed in from the land in search of job opportunities to provide a roof over their head” (Beddoes). For many of the impoverished, the ability to start small, undocumented businesses was not only a source of income, but also an attractive force that drew them to the slums. As more people came to live in these slums, the amount of space diminished. “ In a 2010 census, it was found that there were roughly a million people per square in a slum called Dharavi” (Beddoes). As the population increased, the living conditions became a lot worse as now “instead of flowers and trees lining the sides of these [narrow] streets, there lies trash, sewage and dead animals”(Parussini). Slums are already very small and now trash takes up half of the street leaving no space for proper homes. “On one side is a family of 12 living in a 90-square-foot room—about half the size of an American car-parking space...eight people share a similar area” (Beddoes).When families finally run out of space, to save money, they add more floors, known as verticalization. This solution fixes the immediate issue of space but unprofessionally built buildings can cause “...building collapses and fire hazards” (Zhang). Due to the cramped nature of the slums, and an abundance in people, these slums have become hard to live in, but because these slums provide shelter and a source of income, many people are forced to overlook these heinous

Residential real estate is the business of buying, selling, renting, and leasing property for a singular person or an entire family for the purpose of housing. The existent of residential real estate started as an exclusive loan were only given to nobility to purchase a home and land. Then came the industrial revolution, which provided more wealth to the world to practice the business of residential real estate. For residential real estate, the tradition product is homes. But with time progressing, products like apartment, condominium, Houseboat, and others are being offered as housing options. Current leaders within this business are Re/Max, Century 21, and Keller Williams Realty Inc. Consumers are often out to buy housing, but some invest

Anne Rademacher’s 2009 article ‘When Is Housing an Environmental Problem? Reforming Informality in Kathmandu’, written for Current Anthropology journal examines the conceptual and literal relationship between informal housing in the Nepalese capital and the natural environment. Rademacher demonstrates that through activism, residents of riparian slums (migrated from rural areas) on the Bishnumati Corridor, stereotypically viewed as a drain on the environment, have become pioneers for ecologically sustainable living through their resettlement in the city’s periphery. Additionally, this move has increased the migrants’ socio-economic status, as now they have the opportunity to formally earn and work their way back into urban activity. Rademacher

The housing industry is quite profitable a venture, though it is one that has caused many problems in today's economy, for two main reasons. First, the housing market has been quite volatile, simply because it has been under-regulated in certain areas and has therefore been the subject of a game of chess led by big corporations. Second, the housing industry is often a local matter, and is thus something that cannot be easily moved, transported, or transplanted, and for this reason it is in many ways unique. In order to better understand the way in which this industry works, this paper will discuss externalities, goods and services within this arena, as well as the many other concepts that relate to these terms.

Nevertheless, due to the limited amount of land available and the high price of land in urban areas, many people especially marginal communities, occupy housing with inadequate basic infrastructure, lack access to sanitation and water provision (Neekhra, 2008). As a result, urban slums are emerging as the place for the underprivileged to live, specifically in developing countries which fail to provide slum residents with proper hygiene facilities, food, clothing and

Ok, dear student, let start by saying that commercial real state is the property and the Commercial real estate (CRE) is the property, which is used primarily for business purposes. The main investment sectors are CRE market include restaurants, office towers, office parks, gas stations, malls, and convenience stores, to mention just a few. Please, you need to understand here that the CRE will be always among the three majors aspects of real state and the business, which occupy CRE usually rent the space. In addition, another key aspect for you to understand is the fact that Investors usually own the buildings and

The choice to purchase a new home in today’s market is very challenging to make after considering the disadvantages and the advantages. The current real estate market decides that today is the excellent time to buy a house as prices and the interest rate are still low. Sadly, many economic signals reveal that the real estate market may not have reached the bottom yet and more losses might be in store for the near future. The choice to buy real estate should be meticulously considered and massively dependent upon the actions of the local real estate market neighboring today’s buyers and sellers.

Housing, unlike other goods, is priced differently due to its nature. Housing is heterogeneous, meaning goods are not the same and varies based on different quality such as size, age, and interior features. Housing is also a durable good, which can last for a long time if well maintained. Moreover, housing is costly for consumers to switch to a different housing option, for example due to cultural ties with the neighborhood. Because buildings will deteriorate, homeowners and cities often face the choice of whether to improve the quality of, increase maintenance on, or abandon the building. Abandonment can lead to externality, which is an inefficient outcome (axiom 3 ). The existence of abandoned buildings will make a location less attractive and become “eye sores.” This area will cause disamenities and increase in crime rate, leading to the decrease in rent and property value, which further decrease the development and improvement of that city (axiom 2 “self-reinforcing effects generate extreme outcomes” ). Housing prices also depend on policies and

The real estate industry is a major business producing billions of dollars in income every year, and there are adequate open doors for business visionaries to turn a benefit. “In 2016, there were approximately 210,000 companies operating in the residential brokerage and management field, which generated $200 billion in revenue; there were 35,000 companies operating in the commercial brokerage and management field, generating $35 billion in revenue.” (Matt 2017)

The housing wealth refers to the market value of all residential capital stock, no matter rented or owned. It is also an important component of national wealth. In most developed economies, housing wealth takes up almost half of household wealth. The figure below shows this phenomenal in the United States. The data selected from 1952 to 2008.