Census of Real Estate Business, 2019
Nepal, 2019 - 2020
Central Bureau of Statistics
Created on May 18, 2023
Last modified May 18, 2023
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Identification
Survey ID Number
NPL-CBS-CREB-2018-v01
Title
Census of Real Estate Business, 2019
Translated Title
Ghar jagga karobar byawasaya ganana, 2076
Country
| Name | Country code |
|---|---|
| Nepal | NPL |
Study type
Enterprise Census [en/census]
Series Information
The first round of census of real estate was conducted by bureau for the on 2004/05 and second round on 2013/14.
Abstract
The Central Bureau of Statistics (CBS) has conducted the third census of real estate business in 2019, following previous surveys in 2003/04 and 2013. The census was carried out by the Trade Statistics Section of the bureau, which is involved in collecting data on social, economic, and environmental statistics, including trade in services and business surveys.
The main objective of the real estate census was to collect information on macroeconomic indicators such as output, intermediate consumption, compensation of employees, change in inventories, number of employees, and capital formation. The results of the census provide important data for estimating gross domestic product (GDP) and other macroeconomic indicators, and contribute to the strengthening of the national statistical system.
The report is based on data collected from 210 real estate establishments, although the National Economic Census in 2018 had shown 207 establishments in the country. The total compensation of employees received by the employers for work done in real estate establishments during the accounting year 2018/19 was estimated to be NRs. 1.2 billion with Bagmati province accounting for the highest portion at 96% of total salaries and wages.
The census also revealed the structure of input and output in the real estate sector. The intermediate consumption in the main activities of real estate was estimated at NRs. 5.27 billion which was used to produce output worth NRs. 9.8 billion. Bagmati province had the highest share of 44% in output compared to other provinces during the census year.
The value added generated from real estate establishments was estimated to be NRs. 4,561,658 thousands, with a ratio of input to output of 0.53, indicating that input generates 1.86 times the output in the real estate sector. This suggests that the real estate sector generates higher profits compared to other sectors of the economy, and entrepreneurs should consider investing a significant amount at the initial stage of their business.
According to the national accounts estimate of CBS for the fiscal year 2018/19, the value added generated from the real estate sector was NRs. 295.7 billion with output of NRs. 406.8 billion and intermediate consumption of NRs. 111 billion. This data provides interesting macroeconomic indicators, including a value added of NRs. 18.9 million per establishment, output of NRs. 40.8 million thousand per real estate establishment, and 5.11 persons engaged per establishment.
The main objective of the real estate census was to collect information on macroeconomic indicators such as output, intermediate consumption, compensation of employees, change in inventories, number of employees, and capital formation. The results of the census provide important data for estimating gross domestic product (GDP) and other macroeconomic indicators, and contribute to the strengthening of the national statistical system.
The report is based on data collected from 210 real estate establishments, although the National Economic Census in 2018 had shown 207 establishments in the country. The total compensation of employees received by the employers for work done in real estate establishments during the accounting year 2018/19 was estimated to be NRs. 1.2 billion with Bagmati province accounting for the highest portion at 96% of total salaries and wages.
The census also revealed the structure of input and output in the real estate sector. The intermediate consumption in the main activities of real estate was estimated at NRs. 5.27 billion which was used to produce output worth NRs. 9.8 billion. Bagmati province had the highest share of 44% in output compared to other provinces during the census year.
The value added generated from real estate establishments was estimated to be NRs. 4,561,658 thousands, with a ratio of input to output of 0.53, indicating that input generates 1.86 times the output in the real estate sector. This suggests that the real estate sector generates higher profits compared to other sectors of the economy, and entrepreneurs should consider investing a significant amount at the initial stage of their business.
According to the national accounts estimate of CBS for the fiscal year 2018/19, the value added generated from the real estate sector was NRs. 295.7 billion with output of NRs. 406.8 billion and intermediate consumption of NRs. 111 billion. This data provides interesting macroeconomic indicators, including a value added of NRs. 18.9 million per establishment, output of NRs. 40.8 million thousand per real estate establishment, and 5.11 persons engaged per establishment.
Kind of Data
Census/enumeration data [cen]
Unit of Analysis
Establishment
Version
Version Date
2020-07-15
Scope
Notes
Central Bureau of Statistics has translated the International Standard Industrial Classification (ISIC rev4.0) into Nepali language. Nepalese version NSIC of ISIC is widely used by government gencies specially tax office for registration of business. The census covered some part of Real Estate Activities defined in “L” section in NSIC classification of under the activities in “6810” and
“6820”.
The census includes following real estate activities.
6810: Buying, selling, renting and operation of leased real estate such as
• Apartment building and dwellings
• Non-residential building, including exhibition halls, self-storage facilities, malls and shopping centers
• Land
- provision of homes and furnished and unfurnished flats or apartments for more permanent use, typically on a monthly or annually basis
- development of building projects for own operation, i.e. for renting of space in these buildings
- operation of residential mobile home sites
- Subdividing real estate into lots without land improvement
6820: Real estate activities on a fee or contract basis
Activities of real estate agents and brokers
- Intermediation in buying, selling and renting of real estate on a fee or contract basis
- Management of real estate on fee or contract basis
- Appraisal services for real estate
- Activities of real estate escrow agents
This class excludes:
—development of building projects for sale
—subdividing and improving of land
“6820”.
The census includes following real estate activities.
6810: Buying, selling, renting and operation of leased real estate such as
• Apartment building and dwellings
• Non-residential building, including exhibition halls, self-storage facilities, malls and shopping centers
• Land
- provision of homes and furnished and unfurnished flats or apartments for more permanent use, typically on a monthly or annually basis
- development of building projects for own operation, i.e. for renting of space in these buildings
- operation of residential mobile home sites
- Subdividing real estate into lots without land improvement
6820: Real estate activities on a fee or contract basis
Activities of real estate agents and brokers
- Intermediation in buying, selling and renting of real estate on a fee or contract basis
- Management of real estate on fee or contract basis
- Appraisal services for real estate
- Activities of real estate escrow agents
This class excludes:
—development of building projects for sale
—subdividing and improving of land
Keywords
| Keyword |
|---|
| Real Estate |
| Land |
| Buildings |
Coverage
Geographic Coverage
National level, Provincial level.
Universe
All the real estate establishment of Nepal.
Producers and sponsors
Primary investigators
| Name | Affiliation |
|---|---|
| Central Bureau of Statistics | National Planning Comission |
Funding Agency/Sponsor
| Name | Abbreviation | Role |
|---|---|---|
| Government of Nepal | GoN | Funding for overall survey |
Sampling
Deviations from the Sample Design
According to NEC, 2018 there were 207 registered real estate establishments in Nepal. During the field work, data from 210 real estate establishments were collected. The census of real estate business (CERB), 2019 could not collect data from any units of establishments from the Madhesh province and Karnali province due to Covid-19 pandemic lockdown. Therefore, the number of establishments for Madhesh and Karnali province were extracted in accordance with NEC,2018. As a result, CERB,2019 has altogether 241 real estate establishments for its purpose.
Data Collection
Dates of Data Collection
| Start | End |
|---|---|
| 2019-11-27 | 2020-07-14 |
Data Collection Mode
Face-to-face [f2f]
Supervision
The Supervision is done in two layer. The first layer of supervison was done by head of Statistics Office of districts. The second layer was done by central team from National Statistics Office. The direct supervision on the field was given and necessary correction were recommneded whenever required.
Data Collection Notes
The supervisors and enumerators from the district Statistics Offices were selected for the field operation. Trade Statistics Section conducted training about the questionnaire and field work for the
census enumerators in Sunsari and Banke district. The detail of participants staff attended from the district Statistics Offices. First training was conducted in Sunsari district in B.S. 2076 Kartik 19 and 20 and second training was conducted in Banke district in B.S. 2076 Mangsir 9 and 10.
The field operation was conducted immediately after the enumerator's training. Many enumerators had finished the work before first Covid-19 pandemic lockdown (2076 Chaitra 11. Two and half
months long lockdown was imposed in the whole country after 2076 Chaitra 11 due to Covid-19 pandemic. Some enumerators were not able to finish the field work before lockdown. After the lockdown was dropped, trade statistics section directed Statistics Offices to continue their work who were not able to complete. Unfortunately, many real estate establishments were closed due to pandemic situation and information was not possible to collect from them. Statistics offices collected the information from rest of available real estate establishments.
census enumerators in Sunsari and Banke district. The detail of participants staff attended from the district Statistics Offices. First training was conducted in Sunsari district in B.S. 2076 Kartik 19 and 20 and second training was conducted in Banke district in B.S. 2076 Mangsir 9 and 10.
The field operation was conducted immediately after the enumerator's training. Many enumerators had finished the work before first Covid-19 pandemic lockdown (2076 Chaitra 11. Two and half
months long lockdown was imposed in the whole country after 2076 Chaitra 11 due to Covid-19 pandemic. Some enumerators were not able to finish the field work before lockdown. After the lockdown was dropped, trade statistics section directed Statistics Offices to continue their work who were not able to complete. Unfortunately, many real estate establishments were closed due to pandemic situation and information was not possible to collect from them. Statistics offices collected the information from rest of available real estate establishments.
Data Collectors
| Name | Abbreviation | Affiliation |
|---|---|---|
| Central Bureau of Statistics | CBS | National Planning Comission |
Questionnaires
Questionnaires
Structure of questionnaire
The questionnaires were structured according to the international recommendation of questionnaire in economic statistics. Some questionnaires were added to capture the present situation of the business. The comments and suggestions were also collected to fulfill the requirement of policymakers and researchers so that immediate action can be imposed. The questionnaire was
designed to fulfill the requirement of national accounts statistics. There are ten important blocks in questionnaire such as first block is introduction which is obvious in any questionnaire. The details
information of employee, compensation of employees, expenses, income, capital formation and stock etc are also collected for national accounts estimate.
The census of real estate, 2019 collected the following information:
1. Introduction
2. Legal status
3. Business status
4. Main activities
5. Employment status
6. Salaries and wages
7. Expenditure or intermediate consumption
8. Income
9. Other income
10. Financial intermediate
11. Tax paid
12. Stocks
13. Financial intermediate
14. Capital Formation
15. Comments and suggestions
The questionnaires were structured according to the international recommendation of questionnaire in economic statistics. Some questionnaires were added to capture the present situation of the business. The comments and suggestions were also collected to fulfill the requirement of policymakers and researchers so that immediate action can be imposed. The questionnaire was
designed to fulfill the requirement of national accounts statistics. There are ten important blocks in questionnaire such as first block is introduction which is obvious in any questionnaire. The details
information of employee, compensation of employees, expenses, income, capital formation and stock etc are also collected for national accounts estimate.
The census of real estate, 2019 collected the following information:
1. Introduction
2. Legal status
3. Business status
4. Main activities
5. Employment status
6. Salaries and wages
7. Expenditure or intermediate consumption
8. Income
9. Other income
10. Financial intermediate
11. Tax paid
12. Stocks
13. Financial intermediate
14. Capital Formation
15. Comments and suggestions
Data Processing
Data Editing
The data were collected in the hard paper and collected in the cetral office. All the filled up questionnaire were entered in the CS Pro program. Then the data were exported in SPSS program for cleaning and editing.
Access policy
Access authority
| Name | Affiliation | URL | |
|---|---|---|---|
| Chief Statistics Officer | National Statistics Office | info@cbs.gov.np | cbs.gov.np |
Contacts
| Name | Affiliation | URL | |
|---|---|---|---|
| Trade Statistics Section | National Staistics Office | trade@cbs.gov.np | www.cbs.gov.np |
Confidentiality
Confidentiality of the respondents is guaranteed by article 8 of Statistics Act 1958. Restriction on publication of information and details Any information or details relating to any person, family, firm or company, which have been supplied, obtained or prepared pursuant to Section 3 or Section 4 or Section 5 or Section 6 or Section 7 or any part of such information or details, shall not be disclosed or published directly except to the Director General or to any other officer of the Bureau without the written permission of the person or of his or her authorized representative supplying such information or details.
Citation requirements
Central Bureau of Statistics (CBS), Nepal. Census of Real Estate 2019 ( CRE 2019).Information provided by Microdata Catelog/National Data Archive (NADA): https://microdata.cbs.gov.np/index.php/catalog on [date].
Disclaimer and copyrights
Disclaimer
The Central Bureau of Statistics, Nepal bears no responsibility for any outcomes or for interpretations or inferences arising from the use of the dataset, or use of the information provided on the study.
Copyright
(c) 2019, Central Bureau of Statistics, Government of Nepal
Metadata production
DDI Document ID
DDI-NPL-CBS-CREB-2019-v01
Producers
| Name | Abbreviation | Affiliation | Role |
|---|---|---|---|
| Central Bureau of Statistics | CBS | National Planning Comission | Review of the metadata |
Date of Metadata Production
2023-04-26
DDI Document version
This verison is version 1.0.