Nepal’s real estate market spent a decade being pulled upward by remittances, migration, and speculation – then collapsed not because demand disappeared, but because the state accidentally banned its own market. This document traces every action taken by the government, the central bank, the courts, and international regulators between 2014 and 2026, mapping precisely what was done, when, and what it cost. Each event is drawn directly from primary sources – NRB reports, Supreme Court rulings, Census data, and World Bank analyses – with citations linked to the original documents.
Just in case the hyperlinks in the attached pdf file doesn’t work – here is the word file.