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“The period of the Buddhist Lent is going to start in the meantime, we need to keep focus mainly on lower cost property in real estate market place,” said some real estate agents.
Within the earlier last month, real estate market is quiet brisk, and rental market are also could be able to rely but in this period of Buddhist lent, the renting may not be work out up to the next three months. When the real estate is running slow in the market, the property which cost above 5000 lakhs kyats cost property won’t be sell out or rent out, we need to try to rely on below 1000, said some of real estate agents.
“Below 1000 Lakhs kyats is between 300 Lakhs Kyats and 800 Lakhs Kyats property have been the most asked for they need for living. According to those reasonable price, Pathein Gyi and nandar New City are convenient to live and fair price though it is not located on the main road side,” said the agents.
If the price is good, the real estate market price is not down though trading is not good. Therefore, most of agents assumed that if you can buy with a good price that is not wrong. If the location is good the price may not be decrease but if it is inside, not on the maid road that probably negotiation will be request more, they said.
“The assurance of ownership document is needed if you are trying to buy the cheap property,” said agents. You should not buy in hurry by seeing the cheap price without making assurance of ownership documents and all. You should be aware of whether those property are legal or illegal.
