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Like any other country in the world, the housing sector plays vital roles both in the context of the economy of Bangladesh and serving the fundamental human right of shelter. Apart from providing physical shelter, housing may have significant impact on the lives of the dwellers in terms of skills enhancement, income generation, increased security, health, self-confidence and human dignity. Bangladesh, like many other developing countries, faces an acute shortage of affordable housing both in the urban and rural areas. Moreover, housing affordability is being eroded by poor land administration policies, which have resulted in very high land prices that make urban housing prohibitive for lower-income groups. Also, there is no active secondary market for real estate, mainly because of the high transfer taxes and an uninterrupted long-term increase in land prices. In spite of all these, this sector has experienced considerable growth in past few decades.
About the author
Naheem Mahtab, Lecturer of Accounting at Independent University, Bangladesh. Studied Finance and Marketing at Undergrads and completed Postgraduation with a Degree of Masters of Accounting from Curtin University, Australia. Naheem has published several scholarly articles in various journals on finance, corporate governance and accounting.
