What a ride
Full acceleration: 5 years of unprecedented growth
50% of the population is now an active user of the internet (January 2018) •
The % of users has increased with 45.8% in 2 years, from 55.4 to 80.8 million
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91% of users has access only through their mobile phone
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2017 has been the biggest year yet with a growth of 7.3%
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GDP Growth 8% 7% 6% 5% 4% 3% 2% 1% 0% 2013
2014
2015
2016
2017
Large infrastructure projects have kicked & been finalized 3
FDI - Bangladesh is wanted
Russia, India, China and Japan are stepping up their game •
India signed 22 agreements covering all areas of the Bangladesh economy
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World Bank signed 2 agreements for $515 Million to ensure coverage in the whole of Bangladesh
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China signed $25 Billion, of which $20 Billion will focus on infrastructure
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Asian Development Bank proposed total assistance of $8 Billion for 2016-2020
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Canada signed a contract of $15 Million, solely focusing on power sector
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Russia, India, China & Japan are installing the largest powerplants in the country 4
Urbanization is the word of wonders
People are not just moving to Dhaka •
Currently 35% of the population lives in cities, of which 17.59 is estimated in Dhaka
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Housing deficit at this moment is over 6.5 Million homes, this number is expected to rise to 8.5 Million in 2020
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Gazipur has highest average rate of urbanization with 21.9%
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Khagrachori and Narayanganj come as the number 3 and 4
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After Purbachal, experts point towards the east of Dhaka where planned development is possible 5
Online supply increased by 700%
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2014: Steep trend in demand for online visibility
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2015: Stable increase of supply
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2016: v Reduction of free advertisement Lamudi v Other online platforms enter the market
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Online property listings
2013
2014
2015
2016
2017
2018
Online property searches
2018: Market acceleration, 3 property solutions operating in Bangladesh 2013
2014
2015
2016
2017
2018
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Lamudi is powering through
The number of online users grows slowly – though steadily •
% of online house seekers is small in comparison to the population
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March & October are peak moments in the online search for a property
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2018 Quarter 4 is expected to break all records
2018
2017 2016 2015 2014 Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec 7
Dhaka: areas then & now
Dhanmondi & Gulshan are not longer #1 •
Throughout 2014 and 2015, Mirpur was the most searched area in demand on Lamudi.com.bd
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From 2016, that demand has shifted to Uttura & Bashundara, where Lamudi saw an average increase in demand of 14%
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A newcomer in 2017, Banasree came up high in average search terms, together with Purbachal that remains popular under a huge crowd
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In 2018 we have seen a spectacular demand in property in Gazipur, that confirms the shift in urbanization that we see. As well, Mohammadpur is where the largest number of people are looking at this moment 8
Real Estate Trends
A different wind is blowing •
From 2014 to 2018 there has been a seismic shift towards catering to the upcoming classes. Areas like Mirpur, Uttura, Bashundhara and Mohammadpur are booming, and developers are jumping in to get their projects ready
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More & more developers use data to determine their next location and size, in order to cater to the wishes of their potential clients
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The wishes of these clients have changed, from large extended family homes to smaller, parents & children dwellings
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As well, more and more people have an interest in condominium cities, and this is to be expected the future of Bangladesh 9
The road forward
Exciting times are coming •
Data collection, analysis and usage is still low in comparison to its potentials
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BTI takes a large step forward standardizing their apartment prices
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Further development of economic possibilities in Chattogram, Khulna & Sylhet need to take the pressure of Dhaka’s urbanization
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Dhaka Mass Rapid Transit is under full construction
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Padma Bridge Railway Link will open up Bangladesh from India to the East
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Thank You