Real Estate in Nepal
Last updated on Jul 19, 2023
Summary: An expat looking to buy a home in Nepal should start by researching the local real estate market and familiarizing themselves with the different types of properties available. They should also consider their budget and the type of amenities they are looking for in a home. When searching for a home to buy in Nepal, expats should look for properties that are in good condition and have all the necessary amenities. These typically include a kitchen, bathroom, living room, and bedrooms. Some homes may also include a garden, terrace, or balcony. Foreigners are allowed to purchase property in Nepal, but there are certain restrictions. For example, foreigners are not allowed to purchase agricultural land or land that is located in a restricted area. Additionally, foreigners must obtain permission from the government before they can purchase a property.
How do I find a place to live in Nepal?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Nepal can be a daunting task. The best way to start is by researching the different areas of the country and deciding which one best suits your needs. You can look for rental listings online, or contact a local real estate agent who can help you find a suitable property. Additionally, you can ask friends and family who live in Nepal for advice and recommendations. Once you have narrowed down your search, you can visit the area to get a better feel for the neighborhood and to view potential properties," remarked one foreigner who made the move to Nepal.
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What is a typical expat home or apartment like in Nepal?
"Expat homes and apartments in Nepal tend to be modern and comfortable, with amenities such as air conditioning, hot water, and internet access. Many expats choose to live in larger cities such as Kathmandu, where they can find more modern housing options. Expat apartments in Nepal often come with balconies, allowing for views of the surrounding mountains and valleys. Expats can also find furnished apartments, which come with furniture and appliances. Security is also a priority for expats, and many apartments come with 24-hour security guards," said one expat who made the move to Nepal.
What is the average cost of housing in Nepal?
If you are thinking about moving to Nepal, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Nepal varies depending on the location and type of accommodation. Generally, housing in Nepal is relatively affordable compared to other countries, with basic accommodation costing around $10-20 per night. For more luxurious accommodation, prices can range from $50-100 per night," said one person in Nepal.
Should I buy or rent a home in Nepal?
If you have not spent a lot of time in Nepal, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Nepal can be a great investment, as the country is growing rapidly and real estate prices are on the rise. However, it is important to consider the cost of living in Nepal, as well as the availability of financing options, before making a decision. Renting a home in Nepal can be a great option for those who are not ready to commit to a long-term purchase, as it allows for more flexibility and can be more affordable in the short-term. Ultimately, the decision to buy or rent a home in Nepal should be based on individual needs and preferences," explained one person living in Nepal.
What do I need to know when buying property in Nepal?
When we asked expats what advice they would give a foreigner before buying a property in Nepal, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Nepal before making any purchase. 2. It is advisable to hire a lawyer to assist with the purchase process and to ensure that all legal requirements are met. 3. It is important to obtain a title deed for the property, which will provide proof of ownership. 4. It is important to be aware of any taxes or fees that may be applicable to the purchase of the property. 5. It is important to be aware of any restrictions or limitations that may be placed on the use of the property. 6. It is important to be aware of any potential risks associated with the purchase of the property, such as flooding or landslides. 7. It is important to be aware of any potential environmental issues that may be associated with the property. 8. It is important to be aware of any potential zoning or development restrictions that may be applicable to the property. 9. It is important to be aware of any potential restrictions on the transfer of the property. 10. It is important to be aware of any potential restrictions on the sale of the property," explained one expat in Nepal.
Are foreigners allowed to own property in Nepal?
When we asked expats what advice they would give a foreigner before buying a property in Nepal, they said...
"Foreigners are allowed to own property in Nepal, but there are certain restrictions. Foreigners are not allowed to own land, but they can own buildings and apartments. They must obtain permission from the Department of Land Reform and Management in order to purchase a property. Foreigners are also required to have a valid visa and a work permit in order to purchase a property. Additionally, they must have a Nepali citizen as a guarantor in order to purchase a property," said one in Nepal.
What appliances are typically included in a rental?
We asked foreigners in Nepal what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Nepal, rental properties typically include a refrigerator, stove, and washing machine. Other common appliances that may be included are a microwave, air conditioner, and water heater. Depending on the property, some landlords may also provide furniture such as beds, tables, and chairs," said one person in Nepal.
Additional Information about Searching for a Home in Nepal:
We asked foreigners in Nepal what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Nepal by looking online for real estate websites that specialize in the area, asking friends and family for recommendations, and contacting local real estate agents for assistance. Additionally, expats can look for classified ads in local newspapers and online forums to find potential homes," explained one person living in Nepal.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.