Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
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.
