Realty market attracts more buyers than investors amid stable rentals

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  • Realty market attracts more buyers than investors amid stable rentals

REAL estate agents say that there are buyers to live in the property market and the rental market is stable. There are fewer investors than real buyers in the current real estate market. The rental market is stable with regular tenants due to people coming from other cities to Yangon for training and people moving in, while it has increased because of more relocations during the dry season, said an agent in Kyimyindine Township.
“The real estate market is more active in real buyers than investors. Apartment rentals are regular. Many people are attending training courses and families are moving in among the tenants. Some people migrated from other cities and some relocated within Yangon. The rental market is stable with more activities in the dry season,” he said.
A slight increase in rental prices was seen this year. As a result of residential demand, hundreds or even thousands of units have been sold in some townships, and many individuals have purchased land plots for house construction.
“People from Yangon came down to Thanlyin and bought plots to build houses. With the new bridge completed, it is easier to travel, so we see more purchases,” said a Thanlyin resident. – MT/ZN

Source: The Global New Light of Myanmar

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