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Myanmar,
Yangon,
Yangon,
Slade Property Services,
MWEA Tower Suite 1-05, 288/290 Shwedagon Pagoda Road, Dagon Township



Important Facts about Real Estate in Yangon

Posted On : Oct-25-2017 | seen (75) times | Article Word Count : 399 |

Yangon was formerly the capital of Myanmar before it was moved to Naypyidaw in 2006 by the military government. However, it remains the biggest city and significantly crucial commercial hub in the country.
Yangon was formerly the capital of Myanmar before it was moved to Naypyidaw in 2006 by the military government. However, it remains the biggest city and significantly crucial commercial hub in the country. It experiences inadequate infrastructural development in comparison to other Asian cities. This has made property and especially the real estate industry booming and growing. This makes real estate in Yangon potentially profitable business.

Yangon Property Market Prediction

A report by Oxford Business Group released the market prediction in 2016 for construction and real estate market in the country. These predictions are skewed to the positive side in a way that there is an expectation of high demand for rentals. The most affected property types include Hotels, condo, malls, and warehouses.

It is predicted that:

- There will be more demand for well-serviced apartments
- Insurance company will chip in to intensify the demand for office space
- Enhanced interest in Yangon by the foreign investors
- Revolution in shopping experience as more new malls will be constructed
- More number of domestic tourist visiting and leisure places
- Better demand for factory facilities and in turn warehouse premises
- Improved liaison between hotel owners and middle-level foreign operators
- New design of housing mortgage by banks with long term loans
- Increased demand and completion for property in Yangon
- Continued problems with condos

Owning Property in Yangon

With a set budget and a clear interest of property in Yangon, it is easy to own one. In fact, there are reliable real estate and property companies that offer step by step advice on property ownership. Many companies deal with apartments, constructing middle level and palatial homes and rental houses.

Where to find the best real estate in Yangon?

Whether you want to buy a home or need an office, it’s advised to visit the real estate Yangon websites. Here you can come across a property with the desired specifications. Importantly you will be able to compare different housing models against your budget. Normally these websites provide pictures, location directions, and additional information about the surrounding areas. Again experienced real estate companies with extensive market knowledge offer a free initial consultation and advice about the best assets available in the country. The bottom line is to consider different properties to arrive at the best decision.

Article Source : http://www.articleseen.com/Article_Important Facts about Real Estate in Yangon_320960.aspx

Author Resource :
The author is an experienced real estate consultant on Yangon. He likes to write and publish articles and blogs related to the current real estate market in Yangon. In this article, he conveys his views and thoughts on “Practical Insights from Property Market Prediction in Myanmar”. For more details, visit http://sps-myanmar.com/

Keywords : real estate in Yangon, property in Yangon,

Category : Business : Business

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