Real estate development in Bhutan, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Bhutan.
Bhutan has seen steady economic growth over the past few years, driven by sectors like hydropower, tourism, agriculture, and more. The government’s focus on Gross National Happiness (GNH) ensures policies are designed for long-term sustainability, contributing to economic stability. A strong economy supports the real estate market as demand for housing, offices, and commercial spaces rises.
Tourism plays a significant role in Bhutan’s economy, and the country has been seeing a steady increase in international tourists, especially after the pandemic. This growth drives demand for hotels, resorts, restaurants, and rental properties. Real estate developments catering to the hospitality sector are likely to benefit from this trend, offering potential returns for investors.
Bhutan is one of the world’s leaders in sustainability and environmental conservation. Real estate projects that align with these values and include eco-friendly design elements can attract buyers or renters who prioritize sustainability. This trend can further drive the demand for such properties.
Given Bhutan's emphasis on GNH, social and environmental stability, and the government's positive approach toward economic growth, investing in real estate here can carry relatively low political and economic risks. However, the market still holds high potential due to the country’s unique appeal, both for domestic and international investors.
