Realty market slows down across the country

The Nepal Rastra Bank (NRB), central bank in Nepal cap on realty loans of banks and financial institutions shows its impact in its initial month of its directives. In all over the country including Kathmandu Valley the realty market started to slows down. The report released by Department of Land Reforms and Management (DoLRM) has said transactions outside the valley too have dropped by an average of 15 percent compared to the figures of a month ago.

For instance in Chitwan and in Makawanpur the transactions dropped by almost 40 percent as compared to last fiscal year. As a result, a net drop in revenue collection during month. Pokhara, the second expensive settlement after Kathmandu. Data shows the government´s land revenue collection in Pokhara dropped by almost 28 percent to Rs 44.6 million in the sixth month. So as the case in Dang, Nepaljung, Rupendehi and other parts of the country.