Property for sale in Myanmar
Myanmar, previously known as Burma, is a Southeast Asian nation with more than 100 ethnic groups bordering India, Bangladesh, China, Laos and Thailand. Yangon is the largest city in the country, home to bustling markets, numerous parks and lakes. Here is the tall golden Shwedagon pagoda, which houses Buddhist relics dating back to the 6th century.
Naypyidaw is the capital of Burma.
During the economic boom of Myanmar, the economic and political reforms of the president of Myanmar Thein Sein led to the revocation of most of the Western economic sanctions. Wild optimism had been unleashed on the country's potential. The Yangon Business District, the Sakura Tower, was asking and obtaining rents at the level of those in Manhattan, the market of properties for sale in Myanmar had taken off
The drastic drop in the average rents of the offices of Yangon, equal to about 25% -30% in the last two years, can be attributed to a number of factors, not all attributable to the repression of the military against the Rohingya Muslims of August-September of the past year, which made Myanmar regain part of its status as an international marginalize.
Now the prices of properties for sale in Myanmar have fallen by 35%.
Much of the real estate boom in the period 2011-2014 was based on the predictions of a massive inflow of foreign direct investment and foreign investment, able to pay large rents of offices and apartments.
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