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Housing Report Market Survey in Nepal

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Submitted By anujstha
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Introduction

Housing is a basic need of every human beings, it provides security, pride and ownership. It has great significance in human life. One does not require shelter for protection against natural elements and hostile weather, but also for maintaining standard of family and society. It is one of the significant indicators of urban growth and economy of a particular city. Real estate is a legal term that encompasses land along with the improvements to the land, such as buildings, fences, walls and other site improvements that are fixed in location-immovable. Real estate is often considered synonymous with real property (also sometimes called realty), and housing is one component of real estate. Real estate covers both commercial and personal properties.
Housing and real estate sector play an important role in overall economic growth, social uplift, and employment in the context of the rapidly expanding economies. Personal residences account for 75–90 percent of household wealth in emerging-market countries, which amounts to three to six times their annual income. Housing represents 15–40 percent of the monthly expenditure of households worldwide. Similarly, investment in housing accounts for 15–35 percent of aggregate investment, whereas housing construction and housing-related sectors constitute approximately 9 percent of the labor force worldwide (Nenova, 2010; Sarker et.al, 2011). Housing companies may contribute significantly in employment generation and in developing land and housing in the country. In addition, it may contribute through the consumption of building materials. Moreover, it is a sector associated with fulfillment of basic needs of people.
Housing in the context of Nepal
In the case of Nepal, investment in housing exceeds more than investment in other sectors. At present there are two types of housing prevalent in Nepal. One is owner

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