KATHMANDU: Real estate transactions in Bagmati Province increased by 33.01 percent during the first nine months of the current fiscal year, according to the latest Nepal Rastra Bank (NRB) report on real estate transaction trends and status.

The report, released on Monday, said Madhesh Province was the only province to record a decline, with transactions falling by 4.79 percent during the same period.

Nationwide, the total number of real estate transactions rose by 6.42 percent compared with the corresponding period of the previous fiscal year, reversing a 4.52 percent decline recorded a year earlier. Transactions under deed registration also increased, with overall deed registration transactions rising by 0.62 percent, while registration transactions under deed registration climbed by 12.17 percent.

According to the NRB, the value of real estate transactions reached Rs 183.90 billion in the first nine months of the current fiscal year, up from Rs 100.07 billion during the same period of the previous fiscal year.

Revenue collected from real estate transactions also increased by 23.72 percent during the review period, compared with a 13.47 percent rise recorded in the corresponding period of the previous fiscal year.