Find the best flat for sale in Dhaka with BestBari
Welcome to BestBari’s The Buyer’s Guide to Guide to Flat Sales in Dhaka, written by our team of property specialists to help potential home buyers navigate throughout all of the noise and clutter and find the perfect flat for sale in Dhaka.
Dhaka is one of the fast-growing cities in the South Asia sub-continent and the prices and demand for flat sales in Dhaka are increasing frequently given the city’s significant population growth and increase in the rising level of income. Buying a flat in Dhaka is likely to be one of your biggest purchases in life so it’s essential to know what are the top factors that influence Dhaka flat prices.
Buying a flat in Dhaka can also be a challenging and daunting experience, especially as the competition to find a good-quality flats in Dhaka is getting more fierce and high-quality property listings are becoming scarcer in supply. On behalf of BestBari, By Reading the Buyer’s Guide to Flat Sales in Dhaka,it will be useful to find a dream flat for sale in Dhaka.
Step 1. Research the Dhaka property market
Purchasing a flat in Dhaka is a huge commitment, and must be done carefully. The journey to buy a flat in Dhaka must start with diligent research and planning.
The first step is to decide on what type of property is wanted and in what location. For example, how many bedrooms and bathrooms, what are the targeted suburbs and how many secure car parking spaces will be needed? Once to get an idea of these specific requirements, research various Dhaka flats for sale in desired locations and note the prices to set a realistic budget.
If anyone is serious about buying a flat in Dhaka, it’s important to keep up to date with current market conditions and be aware of trends in prices and changes in regulations. Take note of the trend of the average Dhaka flat price when researching the ideal location. For example it may have been noticed that property prices in areas close to the metro rail in Dhaka city have been appreciating in value due to the convenient commuter network to commercial hubs in Dhaka.
As the old saying goes, it’s all about location, location, location! Location is the most significant factor that influences the property prices in Dhaka. The location and demographics of the neighbourhood plays a very important role in determining the desirability and price of a property.
Properties that are in close proximity to good schools, shopping centres, cafes and restaurants tend to attract more buyers as have higher demand, which then drives up the prices. The status of the suburb and demographics of the local population plays an important part, for example are there mostly professionals, expatriates and retirees living there. It may be liked to read our high-quality suburb guides to research and compare, which suburb in Dhaka best suits the needs and budget.
Step 2. Determine the budget and home loan
Once it has been done to research and have a plan of what anyone is looking for in the Dhaka property market, determine its budget and home loan requirements. Start by setting a realistic budget for the desired Dhaka flat sale.
Anyone is going to purchase the Dhaka apartment in cash or finance the purchase using a home loan? If anyone is looking to finance the property purchase with a home loan, they should speak with a private bank as soon as possible and get an idea of borrowing capacity according to the income and savings.
While banks love to see that people have equity in their home or other investment properties they will require them to prove their income to borrow funds. Make sure to also budget for all the costs that come with owning an investment property, interest on the loan, home insurance and property management fees.
It really does pay to do the research, especially when it comes to selecting which bank to borrow from for the home loan. If anyone is looking to fund their property with a home loan, make sure to get the pre-approval from a bank as soon as possible. The pre-approval will give a good indication of what the maximum budget can be if anyone is looking to borrow. The pre-approval will consist of the bank assessing the income and expenses and determining the capacity and maximum amount it can borrow.
Always compare the interest rate and processing fees before opting in for a home loan in Bangladesh. Also, be aware of the hidden charge. There are many cases where banks have misinformed people about home loans and charged borrowed substantial hidden costs. Home loans are available from large local and international banks such as HSBC, DBH, BRAC, IFIC, DBBL and Bank One. It is also worth checking out if anyone qualify to get a loan from the Bangladesh House Building Finance Corporation.
Thanks to BestBari has done the hard work and research to find the very best interest rates, discounts, processing times across different banks and financial institutions to help finance the ideal flat sale in Dhaka. BestBari has exclusive partnerships with banks and financial institutions and we can offer the competitive home loans to make the dream home into a reality. Please contact our friendly home loan specialists and feel free to use our free home loan calculator tool.
Once the budget is known,then ready to move to the next stage, which is knowing what anyone wants for their flat in Dhaka.
Step 3. Research and compare Dhaka flat sales
After knowing the budget, the location and the specific requirements to buy a flat in Dhaka, start researching and comparing different Dhaka flat sales that are advertised. Anyone can make use of BestBari’s featured Dhaka flats for sale using our handy search and filter features. We have hand selected the very best property listings in Dhaka to focus on the highest-quality flats for sale, unlike other property website in Bangladesh.
Not every property is created the same and the conditions may different substantially among different properties in Dhaka, which then influences the prices. The features and amenities of a property are important since they affect the overall lifestyle and appeal to live in a certain property. For example, does the property have lifts, easy car parking, on-staff security, concierge and access to gym and pool?
A property’s overall condition, features and styling plays an important role in determining its appeal and value. For example, avoid properties with water leakage, insect infestation and dampening in the walls. It is suggested to contact a specialist to inspect the condition of the home before purchasing it.
Furthermore, certain styles of homes can get better prices that others, which is why the styling and presentation is very important. Please read BestBari’s article on Top Tips for Interior Design in Bangladesh to get ideas on how to best design the interior of the property.
BestBari has a wide access to a trusted network of high-quality real-estate relationship managers and property developers who can help to purchase the dream property in Dhaka for a discounted price within the budget. Click this link to be connected to one of our trusted property consultants free of charge.
Thanks to BestBari has done the hard work and research for you to find the very best interest rates, discounts, processing times across different banks and financial institutions to help finance your ideal flat sale in Dhaka. BestBari has exclusive partnerships with banks and financial institutions and we can offer you competitive home loans to make your dream home into a reality. Please contact our friendly home loan specialists and feel free to use our free home loan calculator tool.
Once you know your budget, you are ready to move to the next stage, which is knowing what you want for your flat in Dhaka.
Step 4. Monitor economic conditions in the Dhaka property market
Although economic and market conditions are outside anyone's control, they do significantly impact the demand and prices of apartments in Dhaka. If there is higher economic growth in a certain areas, there becomes more businesses, jobs, income and therefore the desirability to live in that area, which then increase the demand and prices for homes.
With the current economic growth rate, the property market in Dhaka is likely to do well in the near future. If anyone is interested to learn more about the economic and market conditions in relation properties in Dhaka, please read BestBari’s article on Why Invest in Bangladesh Property?
The interest rate is also an important factor that directly affects property prices since a lot of home buyers have home loans. Low interest rates mean it’s easier for property buyers to borrow, which increases the demand and prices for property. However, higher interest rates make it more difficult to borrow, which lowers demand and property prices.
All of these three major factors significantly impact the value of Dhaka apartment prices.
This is why it’s important to constantly research and monitor the Dhaka property market and be aware of price trends in different Dhaka suburbs. If anyone is interested to learn more about market conditions, please read our article on What Influences Apartment Prices in Dhaka.
Step 5. Negotiate and buy
Now after this hard work – anyone has determined their budget, specific apartment requirements, do market research, visited several home inspections and now anyone finally ready to negotiate and buy the ideal Dhaka flat, which will bring you happiness when living in the apartment.
When it comes to purchasing property in Dhaka everything is negotiable and if anyone doesn't ask they don't get. Consider engaging a property buyer’s agent from BestBari by contacting us to help to get the best Dhaka flat prices with our trusted network of real-estate agents.
Once anyone's dream Dhaka flat sale is identified and they have negotiated a fair and reasonable price the last and final step is handling the legal paperwork and administration. Thanks to BestBari we can help you cut through the complex and detailed jargon and paperwork with our property legal specialists and hold their hand throughout the entire end-to-end process. Please contact us and one of our friendly property relationship managers will contact anyone directly to set up an appointment with a legal specialist to assist throughout the process.
On behalf of BestBari we wish you the best of luck anyone purchasing their dream flat for sale in Dhaka. We hope to find the Buyer’s Guide to Flat Sales in Dhaka useful and practical. If anyone enjoyed this guide please visit our News and Articles page, including our article Why Invest Real Estate in Bangladesh. We wish the very best and hope to find the perfect flat for sale in Dhaka!