Dhaka’s Rising House Rents: A Growing Challenge
Dhaka, the capital of Bangladesh, is booming with opportunities. Yet for many residents, living in the city has become increasingly difficult due to rising house rents. Families, students, and young professionals are struggling to find affordable homes.
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How Much Are Rents Today?
Rents have climbed steadily in recent years, particularly in central and upscale areas. Average monthly costs are approximately:
One-bedroom flat: Tk 18,000–20,000
Two-bedroom flat: Tk 22,000–25,000
Three-bedroom flat: Tk 30,000–35,000
Four-bedroom or luxury flat: Tk 50,000+
High-demand neighborhoods like Gulshan, Banani, and Bashundhara see the steepest increases, while areas such as Mirpur, Mohammadpur, and Rampura remain more affordable but are also trending upward.
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Why Rents Keep Rising
Several factors contribute to the problem:
1. Population growth: Dhaka’s population keeps increasing faster than housing supply.
2. High land and construction costs: Expensive land and building materials push rents higher.
3. Better infrastructure: Metro rail, expressways, and improved roads raise the value of certain areas.
4. Weak rent regulation: Rent control laws exist but are poorly enforced.
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Impact on Residents
For many families, rent now takes up 40–60% of monthly income, forcing tough choices:
Moving to outer neighborhoods
Sharing apartments
Reducing spending on essentials like food, education, and healthcare
Students and young professionals often live in cramped or shared spaces, making city life challenging.
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Challenges for Landlords
Landlords face rising maintenance costs, inflation, and property taxes. Many depend on rental income for their livelihood. Written agreements outlining rent, deposits, and renewal terms help prevent disputes and create stability.
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Solutions and the Way Forward
Experts suggest:
Enforcing rent control laws
Building more affordable housing
Developing satellite towns to reduce city-center pressure
Educating tenants and landlords about rights and responsibilities