Bangladesh Bureau of Statistics (BBS) in a recent study showed the rentals increased nearly 5 per cent in between June 2020 and July 2021, which had sent many of the city-dwellers on an exodus. Dhaka house rents surged way far than the fare rent.
The rent hike in the capital was recorded 29 per cent in the last five years, making living for the limited-income group harder by the day.
Meanwhile, house rents across the country have also gone up 21.26 per cent in the last five years between the fiscal year (FY) 2018 and FY2021, the survey found. The rent in the capital eats up even half of the income of some middle-and lower-middle- income groups, according to their count.
The rate of house-rent expansion in the capital was recorded at 28.53 per cent due to the higher population density in the Bangladesh mega-city, sans effective land-use and settlement policy.
Five years ago, in the fiscal year FY2017, the house rent index (HRI) was recorded at 4024.92 which now rose to 5111.66 in the first three quarters of the last FY2021. In June 2021, HRI swelled to 8320.9 from 7988.45 in June last year.
Source: The Financial Express