Property investment in Bangladesh is flourishing, particularly in the big cities of Dhaka and Chattogram. Both places present golden opportunities for investors, but each has its own pros and cons. If you are looking to purchase a flat for sale in Dhaka or looking for alternatives in Chattogram, it is important to weigh the advantages and disadvantages. Let’s explore to assist you in making the right decision.
Why Invest in Dhaka?
1. High Demand and Premium Locations
The capital city, Dhaka, is the economic and financial hub of Bangladesh. Areas like Middle Badda, Uttara, Bashundhara, and the Baridhara Diplomatic Zone are hotspots for real estate investment. If you are seeking flat for sale in Uttara or flat sale in Bashundhara, you will find a consistent demand because of Dhaka’s population density and urbanization.
2. Price Appreciation
The price of a flat in Dhaka is going up continuously. Purchasing a flat for sale in Dhaka is investing in returns for the long term. Trendy areas such as Middle Badda and the Baridhara Diplomatic Zone attract high prices, promising capital appreciation.
3. Variety of Options
Dhaka has plenty of flats available for sale, from affordable apartments to luxury flats. From a basic flat in Dhaka to an upscale apartment, the choice is yours.
4. Expert Help
With expert real estate agents and top companies like brokerage, purchasing property in Dhaka becomes hassle-free. These agents offer advice on legal procedures, negotiation of price, and choice of property.
Drawbacks of Investing in Dhaka:
Higher Flat Price in Dhaka: Compared to Chattogram, the flat price in Dhaka is much higher.
Traffic and Overcrowding: The city experiences acute traffic jams and overpopulation, impacting quality of life.
Why Invest in Chattogram?
1. Emerging Market
Chattogram is the nation’s main port city and second-largest city. The property market here is growing very quickly, which makes it an excellent choice for early buyers.
2. Reasonable Pricing
In comparison with Dhaka, housing prices in Chattogram are less expensive. It is ideal for budget-scrapped investors with a decent rate of returns for a relatively smaller entry cost.
3. Fewer Traffic and Crowding
Chattogram provides an overall better environment for living with reduced traffic congestion and crowding relative to Dhaka.
Cons of Investing in Chattogram:
Fewer Choices: Although increasing, Chattogram hasn’t reached the same variety in flats to be sold compared to Dhaka.
Lower Demand: The demand for resale and renting is relatively low in comparison to the capital city.
Conclusion
If you are willing to invest in a high-end market for long-term capital appreciation, Dhakaโespecially places like Middle Badda, Uttara, Bashundhara, and the Baridhara Diplomatic Zoneโis a great option. You can search for several options such as flat for sale in Uttara, flat sale in Bashundhara, or get in touch with your reliable real estate agent or brokerage for the best offers.
But if you are looking for affordability and willing to invest in a growing market with less competition, Chattogram could be the best.
Always compare Dhaka and Chattogram apartment price, and talk to real estate experts before deciding!