Myanmar real estate basic knowledge

  • All the prices in [Myanmar Housing] are the owner's desired price; it may be cheaper after negotiation.

  • In Myanmar, the rent contract always be 1 year contract, the 1 year's rent should be paid at beginning, no guarantor required.

  • Deposit usually be 0-3 months rent, landloard decide it according interior conditions, furniture and electrical equipment.

  • The brokerage fee is 1 month's rent.

  • In Yangon rental market, the supply can not catch up the demand which caused by foreigners and foreign companies.

  • The real estate prices were soaring in Myanmar due to the recent Myanmar boom. Currently, Foreigner and foreign capital company are not allowed to buy real estate property in Myanmar.