Buy House in Bhaktapur

Buying a house in Bhaktapur can be an appealing place for those interested in buying property whether for residential or investment purposes. Examine your possibilities for purchasing a home in Bhaktapur. Explore stunning residences in this ancient Nepalese city that feature traditional architecture, modern amenities, and a rich heritage of culture.

Introduction: Buy Your Dreamy and Affordable Home

Bhaktapur is one of the most well-preserved ancient cities of Nepal located in the Kathmandu Valley. It is also renowned for its stunning Newar-style architecture, ancient temples, festivals, and the warmth of its local community. A home is a place that provides a sense of security, safety, and mental refreshment. There are several reasonably priced possibilities for the homes you’re looking for in Bhaktapur. This guide will assist you in selecting the ideal home for your investment.

Why buy a house in Bhaktapur?

• Rich Cultural Heritage: Bhaktapur is a UNESCO World Heritage Site, renowned for its historic temples, stunning Newar architecture, and lively traditions, making it a unique place to live.

• Peaceful Environment: The city is less crowded and quieter than Kathmandu, providing a peaceful atmosphere while still being close to the capital.

• Affordably priced real estate: Bhaktapur is a great option for buyers on a tight budget but it provides beautiful and affordable houses.

• Proximity to Kathmandu: Bhaktapur is only a short drive from Kathmandu, providing easy access to the capital’s amenities while still enjoying the peace of a smaller city.

• Strong Community: Bhaktapur is renowned for its warm and welcoming community, offering a sense of belonging and strong local traditions.

• Low crime rate: The city is less crowded and its peaceful surroundings make crime even less likely. Due to strong community ties, traditional traditions, and a more laid-back pace of life, crime particularly doesn’t happen in Bhaktapur.

Cheap House price in Bhaktapur

The price of houses in Bhaktapur varies from affordable to expensive. You can make investment according to your preference. Here are some pricing of the areas in Bhaktapur:

Best place to buy a house in Bhaktapur

1. Suryabinayak: A growing neighborhood outside of Bhaktapur’s main city is Suryabinayak. It offers peaceful surroundings, easily accessible to both Bhaktapur and Kathamndu. This area is a fantastic choice for people searching for value because housing prices are more reasonable here.

1. Changunarayan: Changunarayan is a historic town situated on the hills above Bhaktapur. It is a wonderful place to visit or call home because of its historic temples, vibrant culture, and peaceful surroundings.

1. Nagadesh: Nagadesh is a quiet, developing neighborhood in Bhaktapur’s northeast that offers scenic views of valleys and hills and provides an area with lower property prices, perfect for a quieter, and more suburban lifestyle.

1. Dadhikot: Dadhikot is a quiet residential neighborhood that provides a peaceful, rural environment while being close to the city core. It is renowned for its peace, scenic surroundings, and reasonably priced housing alternatives, and great for families seeking more space and nature.

1. Bode: Bode is well-known for its peaceful su rroundings and reasonably priced real estate, making it a popular choice for people seeking a more relaxed lifestyle that is still close to urban conveniences. It is an ideal place for those wanting a calm environment near Bhaktapur.

1. Thimi: Thimi is a well-liked neighborhood situated between Bhaktapur and Kathmandu. It is an ideal place for those seeking affordability with good accessibility. This quickly growing region is renowned for its traditional Newar craftsmanship, cultural legacy, and handy location.

Types of houses available in Bhaktapur

• Traditional Newar Houses: It is a recognizable residences that shows the city’s rich history with their courtyards, wooden windows, and decorations.

• Modern apartments: These are modern structures with security entrances and elevators that are perfect for city living.

• Detached homes: Detached houses are independent, stand-alone residences in suburban regions like Dadhikot and Nagadesh that have their own gardens or yards.

• Townhouses: They are rows of multi-story homes that share walls with neighbors but offer more space and contemporary living.

• Farmhouses: They are larger, land-based homes that provide a natural lifestyle , which are usually found on the outskirts of the city.

• Guesthouses and rental properties: They are tiny residences or rooms that are available for short-term or long-term rental, frequently close to tourist attractions.

How to buy a house in Bhaktapur?

To ensure the smooth and systematic purchase of houses in Bhaktapur, you can follow the given steps:

• Do Research: To learn about the costs and available possibilities, do some research on the local real estate market. For the research, you can consult local networks, real estate brokers, or internet listings.
• Search for the houses: Start searching for homes on local real estate platforms and websites such as RealEstateNepal and HamroBazar.
• Visit property: Make sure the property fits your preferences and expectations by paying it a visit. Make sure to examine the infrastructure and surrounding area.
• Check all documents: Verify all the legal documentation needed to buy the property, such as the Lalpurja or Ownership Certificate.
• Negotiate: Once the verification process is over, discuss the price of the property. In certain cases, payment in advance is also required. Following that, draft a formal selling agreement that expresses your acceptance of the conditions of the deal, including the location, price, and other specifics.
• Registration process: Registration is done after the negotiation. Clients can sign up or register in one easy-to-follow process. It can have anything to do with the services that the business or platform provides. To help you understand the procedure and minimize any potential hazards, always seek the guidance of a real estate agent or legal expert.

Options for Home Loans and Mortgages in Bhaktapur

For many purchasers who want to buy a house in Bhaktapur, getting a mortgage or home loan is a common option. In Nepal, a variety of banks and financial institutions provide home loans with different terms and conditions.

Home loans

• One kind of financial product that allows people to borrow money from banks or other financial institutions to buy, build, or alter real estate, like a house or apartment, is a home loan.
• 70% to 90% of the property’s purchase price is lent by the bank or other financial organization.
• The loan balance is repaid over a period of time, often five to thirty years, using EMIs. Interest rates for home loans in Nepal range from 8% to 12% annually, though they may vary based on the bank and loan type.

Mortgage loans

• One type of loan used to purchase real estate or other property is a mortgage loan, for which the asset is used as payment.
• Based on your financial circumstances and the bank’s policies, the loan amount can range from 50% to 80% of the property’s market value.
• You have to submit to the requirements set forth by the individual banks in order to obtain a mortgage loan. You can speak with the closest banks and follow their approval procedures.

You can apply for this loan from:

• Nepal Investment Bank (NIBL)
• Himalayan Bank
• Prabhu Bank
• Nabil Bank
• Mega Bank Nepal
• Rastriya Banijya Bank (government-owned)

FAQS

• What is the best area to buy a house in Bhaktapur?

The best area to buy a house in Bhaktapur are: Suryabinayak, Nagadesh, Dadhikot, Changunarayan, Bode, and Thimi which offer more affordable and quieter living options with access to nature. You can choose the houses according to your preference.

• Is it safe to buy property in Bhaktapur?

Yes, Bhaktapur is generally safe for property buyers. It is important to verify the legality of the land documents and ownership status to prevent legal problems. You can work with reputable lawyers and real estate brokers to guarantee the security of your investment.

• What types of properties are available in Bhaktapur

Traditional Newar homes, contemporary apartments, detached homes, townhouses, and farmhouses are all available in Bhaktapur, with prices varying according to location, size, and kind of property.

• Can foreigners buy a house in Lalitpur?

Foreigners are not allowed to buy a house in Bhaktapur directly but they can buy a property through a Nepali spouse or Nepali Company.

• Are there financing options available for buying a house in Bhaktapur?

Yes, banks and financial institutions in Nepal offer mortgage loans for homebuyers. The loan amount, interest rates, and terms will vary depending on the buyer’s financial profile and the property type.

Conclusion

Bhaktapur is a great place for anyone looking to connect with Nepal’s heritage as it is rich in history, traditional Newar architecture, and vibrant cultural practices. It is also well-connected to Kathmandu and offers a more relaxed, peaceful lifestyle than the bustling capital. Whether you’re looking for a traditional home in the heart of the city or affordable housing in the suburbs like Dadhikot or Nagadesh, Bhaktapur offers a variety of options to suit different tastes and budgets. With its expanding infrastructure, peaceful surroundings, and rich cultural experiences, purchasing a home in Bhaktapur can be a rewarding investment for both short-term and long-term returns.