“Myanmar Real Estate Market 2016 Outlook for Foreign Investors” Talk

Posted by Pan Su Su Htwe (iMyanmarHouse.com)

Your Property Finder Co.,Ltd organized “Myanmar Real Estate Market 2016 Outlook For Foreign Investors” Talk on 5th April 2016 (Tuesday), U Nay Min Thu, Managing Director of iMyanarHouse.com gave a talk as a speaker .
U Nay Min Thu, Managing Director of iMyanarHouse.com gave a talk about Myanamr real estate market 2016 outlook with effective information under the title of “past, present and future”. He talked about that the real estate market was been improved with high speed after 2010 election and the prices in some places has been raised up to 2 to 3 times.
Under the title of the reason for price-rise, he talked about the reasons for less-investments, lack of stock exchange for gold, dollar currency, lack of trusted bank currency system, occurring 2007 bank financial crisis.
Under the title of “Market Destination”, he talked about that the real estate market was reached to the highest status, and from 2014 the market is in quiet status until now and was not changed too much, purchasing real estate without bank loan system, the dealers refused to sell with loss and the thinking review on real estate service in accordance with Myanmar’s customs.
Under the title of “New Government”, since the new government took office in 1st April 2016, there have been improved the stability of political, party-political affairs and organizations, the more active status in real estate market and the more investments in foreign investments (more than 12 billion USD). In addition, the new policy becomes affordable operation for real estate market. Moreover, the affordable housing projects are being increased in Twante, Mhawbe and Thanlyin as new cities.
Under the title of “impact”, he gave a speech that rising of real estate services, stability in prices, decreasing in prices and the new condo law laid down in 22nd January 2016 allowed 40 % of the foreigners to purchase real estate and 6th floor and the upper floor.
Under the title of “The New Condominium Law”, he talked about that more specific law information statements have been published by Ministry of Construction, increases in purchase property right instead of rental services for foreigners. Under the title of other facts should be considered, he talked about that financial crisis can be occurred and the prices can always be changed.
In concern with the remaining border area, foreign investments, access for foreign tourists, economic development, and greater job opportunities have been improved. There are 100 thousands of real estate advertisements in iMyanmarHouse.com, Myanmar’s No.1 Property Website and at present there are more than 20 thousands of viewers. In addition, iMyanamrHouse.com is implementing monthly real estate magazines, real estate seminar talks and real estate expos continuously.