Published on August 23, 2025

Nepal’s property market saw a decisive slowdown in Shrawan (mid-July to mid-August), with double-digit declines across most transaction categories at land revenue (Malpot) offices nationwide. Total land-and-housing service transactions fell to 104,218, down 18.07% from 127,206 a year earlier—signaling weaker demand and more cautious borrowing behavior.

Sales activity contracted markedly. The clearest proxy for buy–sell momentum—deed registrations (likhat parit)—dropped from 43,835 to 31,621, a steep 27.86% decline. Ownership transfers (nam sari) slipped 21.07% (from 4,162 to 3,285), while record amendments plunged 45.88% (from 11,156 to 6,038). Hal Sabik (old record updates) also retreated 23.03% (from 3,303 to 2,313). In short: fewer sales, fewer title changes, fewer ancillary updates.

Credit behavior points to deleveraging. Mortgages (rokka) totaled 25,426 in Shrawan, while releases (fukuwa) reached 26,462. A year earlier, mortgages were 29,659 and releases 29,075. The current pattern—more releases than new mortgages—suggests households and businesses are paying down debt rather than leveraging up. That aligns with tight liquidity and elevated borrowing costs, and it typically dampens near-term property demand.

The slowdown was broad-based but uneven across regions.
Major offices recorded sizable declines: Bhadrpur (Jhapa) (-43.94%), Chitwan (-41.68%), Gotikhel, Lalitpur (-44.90%), and Taulihawa, Kapilvastu (-44.26%). Other large centers also cooled: Inaruwa (-5.44%), Belbari (-15.14%), Bhaktapur (-7.34%), Lagankhel (-9.96%), Janakpurdham (-5.16%), Kalanki (-15.48%), Rajbiraj (-26.96%), Parsa (-29.24%), Rupandehi (-25.25%). In the Kathmandu Valley, Chabahil (-13.22%), Tokha (-17.57%), Manmaiju (-17.16%), Sankhu (-14.05%), and Dillibazar (-7.08%) all registered declines. Kavrepalanchok saw total transactions down 22.44%, with deed registrations down nearly 47%—a particularly sharp contraction.

Pockets of growth exist—but are not sales-led. Some offices—Achham, Gaushala (Mahottari), Ghartigaun (Rolpa), Dolpa, Tanahun, Darchula, Bardibas (Mahottari), Belauri (Kanchanpur), Waling (Syangja), Humla, Bhojpur, Khijifalante, and Sankrantibazar—reported higher overall counts. However, the increases largely reflect more mortgage/release processing rather than a resurgence in purchase transactions. That reinforces the deleveraging narrative rather than signaling a demand rebound.