Urbanization and Population Pressure (UPP):
Urban population growth (annual %) in Bangladesh was last measured at 2.92 in 2013, according to the World Bank. Urban population refers to people living in urban areas as defined by national statistical offices. Urbanization growth rate has been increasing that ultimately stimulating the demand of apartments in city areas. There is a direct relationship between urbanization and demand for houses (Mollah, Haque and Pasha, 2009). Population of Bangladesh also increasing that indicates the huge prospects of housing sectors. There are some variables such Rapid increase in population (RIP); Rapid urban growth (RUG); Increases urbanization pressures (IUPS); Employment in urban areas (EUA); Good educational institutions in urban areas (GEIU) those creating the opportunities for the Real Estate sectors in Bangladesh. RIP, RUG, IUPS have been showed by Mohiuddin, 2014; Labib, et al., 2013; Dewri, et al., 2012; Barua, et al., 2010; Mollah, et al., 2009; Islam, 2008). Information about urbanization and populations in urban areas are shown in Table 1.
Please see the attachment
