Real estate sector is one of the most important sectors for overall development of any country, so as the case of Bangladesh. The aim of this study is to present the causes of real estate business in Bangladesh. Since inception, it has been growing rapidly and contributing to GDP. The growth and development of this sector in Bangladesh are highly satisfactory in terms of number of developers, ... [Show full abstract] number of employees, apartment and plot, project and members of Real Estate and Housing Association of Bangladesh (REHAB) etc. At present Real Estate Business in Bangladesh is in a crisis situation. The aim of this article is to find out the causes of declination of the real estate business in Bangladesh especially in Dhaka City. Data are collected by field survey and by using statistical method-the Kendall coefficient of concordance (W), total twelve causes were found and ranked. The most important cause is the unavailability and high interest rate of housing loan and the least important is the top competitor's rate. This research paper may be helpful for the Government and other stakeholders in addressing the causes so identified. As the housing loan is the top most problem, the ministry of finance of Bangladesh can take the main initiatives to solve this problem.