More supply and fewer foreign renters have caused rental prices in the high-end expat Yangon property market to fall, according to real estate industry figures – but a lack of data means the extent of the drop is hard to quantify. More landlords furnishing apartments to appeal to foreigner workers, the changing nature of the […]
Yangon hotel market continues to boom
June 9, 2014 by
The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013. The number of arrivals in Yangon remains relatively small compared with […]
Yangon appraisals fixed for property transaction taxes
September 30, 2013 by
Transaction taxes on Yangon property will become harder to avoid beginning October 1st as authorities complete a city-wide assessment of neighbourhood values, according to Yangon Regional Revenue Department officials. The moves comes in an attempt to combat buyers claiming an artificially low value for their home purchases in order to avoid paying a transaction tax […]
