13/07/2026
📊 New Research Published
Valuation Practices, Information Asymmetry and Investment Decision Making in Urban Nepal's Residential Property Market
A research journal article completed under the supervision of Dr. Ankur Agrawal, Sharda University, Greater Noida, India.
Research Focus: What drives investment decision quality in Nepal's residential property market; valuation practices, information asymmetry, behavioral biases or market conditions?
The Approach: A cross-sectional survey of 47 residential property investors and professionals (licensed valuers, bankers, brokers, and investors) across Nepal, analyzed using descriptive statistics, reliability testing, Pearson's correlation, and multiple regression in SPSS 25.
Key Findings:
🔹 Information Asymmetry emerged as the only statistically significant driver of investment decision quality (β = 0.367, p = 0.032)
🔹 Valuation Practices, Behavioral Biases, and Market Conditions showed positive but non-significant relationships
🔹 The model explained 35.1% of variance in investment decision quality (R² = 0.351, F = 5.140, p = 0.002)
🔹 Reliability was strong across constructs; Information Asymmetry (α = 0.923) and Investment Decision Quality (α = 0.945) both showed excellent internal consistency
Why It Matters:
Nepal's property market still lacks a centralized transaction registry, and market information flows largely through brokers and informal networks. This research provides empirical evidence that closing the information gap; not just refining valuation methodology; may be the most impactful lever for improving investment outcomes.
Implications: The findings point toward a clear priority for policymakers, financial institutions, and valuation practitioners: building transparent, centralized property information systems to reduce information asymmetry and strengthen market efficiency.
