Bangla Press Desk: Bangladesh’s real estate sector is going through one of its toughest periods in recent years, with industry insiders warning that survival until the upcoming national election has become a major challenge.
In an interview with Bangladesh Pratidin, former FBCCI director and JCX Group Chairman Md Iqbal Hossain Chowdhury (Jewel) said the sector’s decline began during the Covid-19 pandemic and has been exacerbated by the Russia-Ukraine war, Middle East conflicts, the global economic slowdown and domestic political uncertainty.
While recent improvements — such as higher remittance inflows, reforms in banking and other sectors, and gains from the US tariff dispute — have offered some relief, he said the overall situation remains fragile. “We hope that a fair and neutral election will bring a government capable of accelerating economic recovery and reviving the real estate sector. But at present, surviving until the election is the real challenge,” he noted.
Iqbal said reduced consumer purchasing power, driven by high inflation, has pushed up the prices of construction materials including rods, cement, tiles and paint, raising overall building costs. The real estate market, which largely depends on the middle and upper-middle classes, has seen sales fall sharply. Commercial space sales are also sluggish as many businesses scale back or close operations.
Real estate sector struggles to survive until election
Banglapress
Published: 23 September 2025, 10:25 AM
Bangla Press Desk: Bangladesh’s real estate sector is going through one of its toughest periods in recent years, with industry insiders warning that survival until the upcoming national election has become a major challenge.
In an interview with Bangladesh Pratidin, former FBCCI director and JCX Group Chairman Md Iqbal Hossain Chowdhury (Jewel) said the sector’s decline began during the Covid-19 pandemic and has been exacerbated by the Russia-Ukraine war, Middle East conflicts, the global economic slowdown and domestic political uncertainty.
While recent improvements — such as higher remittance inflows, reforms in banking and other sectors, and gains from the US tariff dispute — have offered some relief, he said the overall situation remains fragile. “We hope that a fair and neutral election will bring a government capable of accelerating economic recovery and reviving the real estate sector. But at present, surviving until the election is the real challenge,” he noted.
Iqbal said reduced consumer purchasing power, driven by high inflation, has pushed up the prices of construction materials including rods, cement, tiles and paint, raising overall building costs. The real estate market, which largely depends on the middle and upper-middle classes, has seen sales fall sharply. Commercial space sales are also sluggish as many businesses scale back or close operations.
[Bangla Press is a global platform for free thought. It provides impartial news, analysis, and commentary for independent-minded individuals. Our goal is to bring about positive change, which is more important today than ever before.]
YOU MAY ALSO LIKE
Bangladesh
Controversy as BSF Debates Snakes, Crocodiles for Bangladesh Border Security
10 hours ago
by Bangla Press
.jpg)
Bangladesh
Bangladeshi Tourist Killed as Drunk Soldier Crashes Car in Malaysia
10 hours ago
by Bangla Press
Bangladesh
Tensions Flare as Rival Groups Clash Over Rajshahi Union Office
10 hours ago
by Bangla Press
Sangeet Academy
