Dhaka, March 11 -- Real estate developers have called for fresh financial support to cushion the housing sector from growing economic uncertainty triggered by the ongoing Iran-Israel conflict.

Industry leaders say rising costs and tight financing conditions are making it increasingly difficult for developers to sustain construction activity and for buyers to afford homes.

The Real Estate and Housing Association of Bangladesh (REHAB) has proposed the creation of a Tk 30 billion special fund and a reduction in home loan interest rates to single digits to stimulate housing demand and support the sector.

The proposals were made during a meeting with the Bangladesh Bank Governor on Tuesday.

After the meeting, REHAB president Md Wahiduzzama...