The Central Bank of Nepal has launched a new quarterly statistical publication on real estate transactions, using fiscal year 2078/79 as the base year and drawing on data from the Land Management and Archives Department, the Inland Revenue Department and the central bank. The series applies a written, approved analytical framework to nationwide transactions, tracking indicators including the number of transactions, declared value, transacted land area, land-related revenue collection and bank credit extended to the real estate sector. The publication breaks results down not only at the national level but also by province and by metropolitan and sub-metropolitan municipalities, and presents transactions and values by strata of transacted land area. Reported patterns include seasonality in land transactions with lower activity in the first quarter and higher activity in the third and fourth quarters, Madhesh Province leading by number of transactions (followed by Lumbini and Koshi) and by transacted land area, and Bagmati Province leading on declared value. The report also notes that from fiscal year 2077/78 to 2080/81 land loans rose by 42.51% and housing loans by 61.55%, and cites land-sector government revenue of NPR 423.67 billion (first quarter of fiscal year 2079/80), NPR 381.7 billion (first quarter of fiscal year 2078/79) and about NPR 415 billion (fiscal year 2080/81). On the basis of these statistics, the central bank is preparing a second phase of work to construct and publish a land value index.