NRB reports record 456,000 real estate transactions worth over Rs 127bn in FY 2024/25 Q4

KATHMANDU: Nepal Rastra Bank (NRB) today released a report showing a historic surge in the national real estate market.

According to the report, property transactions reached a record high in the final quarter of fiscal year 2024/25, with total transactions rising to 456,000 during the period. The total declared value of property deals in the quarter reached Rs 127.61 billion, more than double the Rs 58.66 billion recorded three years earlier.

It notes a consistent seasonal pattern in market activity, with volumes typically rising to peak levels in the third and fourth quarters after moderating during the monsoon season. The report says this cyclical movement has continued to shape transaction timing across the country.

Regionally, the analysis shows Madhesh Province as the busiest hub for land transfers and large agricultural and industrial plots. In monetary terms, Bagmati Province led the country, contributing Rs 51.37 billion to the national total in a single quarter.

Meanwhile, urban centres are playing an increasingly important role in the market’s value. Metropolitan and sub-metropolitan cities account for only 4.1% of transactions by volume but contribute 13% of total market value. Bharatpur has emerged as a leading metropolitan city for transaction counts and transacted area, a trend analysts link to the country’s federal restructuring, while Kathmandu continues to record the highest individual property values.

Financially, the indicators in the report reflect sustained demand for housing and development finance. Real estate loans grew by 72.41% and residential home loans rose by 61.55% between fiscal years 2020/21 and 2081/82. Government revenue from the sector has also improved, stabilising between Rs 10 billion and Rs 15 billion after falling to Rs 8.2 billion in fiscal year 2022/23.

Overall, analysts cited in the report say that, despite seasonal fluctuations, the trajectory points toward a period of stable and formalising growth in Nepal’s real estate sector. The NRB data suggest the market is expanding both in transaction volume and monetary scale, reshaping regional and urban property dynamics.