Bangladesh is growing quickly. Its real estate market is full of
chances for foreigners. The country’s economy is getting stronger
every day. More people need homes and offices, which is great for
investors. Now a question comes out “Can foreigners buy property in Bangladesh?” The answer is yes! But there are regulations to be followed.
Knowing the rules keeps you out of mischief. This blog will help you
know the things that you have to keep in mind.
Foreigners are already buying homes, especially in cities like
Dhaka. In 2024, they spent
Tk400 crore on 216 houses. Over ten years, deals
added up to Tk2,542 crore. This shows how much interest there is.
Affordable prices make it tempting. New projects
like roads and buildings will push prices up later. Companies like
Assure Group will help foreigners to know the process regarding
this.
Foreigners have options. They can buy residential properties. This
means apartments,
condos, or single-family homes. These are great for living or renting
out. Cities like Dhaka have lots of these. These properties are in
high demand. You can find something fancy or simple. It depends on
what you want.
Land is trickier. Foreigners can’t always buy it directly. Agricultural land is off-limits most times. Some areas, like RAJUK zones, don’t sell to foreigners either. But there’s a way around it. You can start a company in Bangladesh. Then, the company can buy the land. It’s a smart trick many use.
Legal rules for foreigners
The law in Bangladesh doesn't block foreigners from buying property. It's silent on this. That means it's allowed unless a rule says no. You still need to follow a process. It keeps everything legal and safe. Several offices check your deal. This takes a little time.
First, you need papers. A passport or tax ID works. You also need approval from the Bangladesh Board of Investment (BIDA). Next, you tell the local police. This is for safety. You must show you have money too. Bank papers or income proof help here. It's not hard if you're ready.
How to pay for property in Bangladesh
Foreigners have choices to pay. You can use your own savings. This is the easiest way. You own the property fully with no loans. It’s a good feeling. But not everyone has enough cash. That’s okay. There are other ways.
Local banks give loans. You might need collateral, like another property or money. Interest rates can be high. Check the terms first. Private lenders are another option. They’re faster but cost more. Some foreigners mix savings and loans. Pick what works for you. Just make sure you can pay.
Taxes and fees you’ll pay
Buying property means extra costs. You can’t skip taxes and fees. These are the same for foreigners and locals. When you buy, you pay a registration fee. It’s about 10% of the property price. There’s also a stamp duty. It’s small but adds up.
If you rent out your place, there’s more. Rental income has a tax. It’s up to 30% of what you earn. The rate depends on how much you make. Plan for these costs. It's normal in real estate. Knowing these helps you budget right.
Steps to Buy Property in Bangladesh
You go about buying a property. But let me tell you, this is not too difficult.
Assistance from the experts mellows the entire process. The methods involve:
1
Find a Property
Look online or with an agent. Pick what you like.
2
Check the Rules
Make sure foreigners can buy it.
3
Get Pre-Approval
If you need a loan, ask a bank early.
4
Apply to BIDA
Send your papers for approval.
5
Hire Help
Use a real estate agent and lawyer. They know the system.
Buying property in Bangladesh is a big opportunity for foreigners. The country is growing fast, and its real estate market is booming. There are rules, but they’re not too hard to follow. Assure Group offers expert advice and top properties. We’ll help with laws, taxes, and finding the best deals. Your dream of owning property here can come true. Ready to make it happen? Reach out to us now!
Yes, foreigners can buy homes like apartments or condos in Bangladesh. It’s allowed for living purposes. But some types, like farmland, have limits. Check the rules first.
Approval from the Bangladesh Board of Investment is a must. You also give papers to the police. It keeps everything clear and safe.
You can use your own money or get a loan. Local banks give loans if you have collateral. Private lenders work too, but rates are higher. Pick what fits you.
Yes, you pay taxes and fees. Registration is about 10% of the price. Rental income has a tax, up to 30%. Plan for these costs before buying your property.
