Government Denies Real Estate Slowdown, Official Valuations Increase in Kathmandu

The real estate sector has been sluggish for the past few years, with prices declining and sales slowing down. Businesspeople involved in property transactions claim that land and house prices have dropped by around 30% during this period. Independent valuers estimate the decline to be between 30% and 50%. However, the government has not acknowledged this downturn. Instead, official property valuations for transactions have increased.

Official Valuations Rise Despite Market Decline