Myanmar
Real Estate in Myanmar
Last updated on Jan 03, 2024
Summary: An expat looking to buy a home in Myanmar should begin by researching the local real estate market. It is important to understand the local laws and regulations regarding foreign ownership of property, as there are restrictions in place. Expats should also consider their budget and the type of amenities they are looking for in a home. Foreigners are allowed to own property in Myanmar, but there are restrictions in place. Foreigners are not allowed to own land, but they can purchase condominiums and apartments. Foreigners are also not allowed to own more than 40% of the units in a condominium building. Homes in Myanmar typically include basic amenities such as running water, electricity, and internet access. Some homes may also include air conditioning, a swimming pool, and other luxury amenities. Expats should research the local real estate market to find out what amenities are available in the area they are looking to buy in.
How do I find a place to live in Myanmar?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Myanmar can be a challenge, but there are a few options available. One option is to look for rental properties online, such as on websites like Myanmar Real Estate or Myanmar Property Exchange. You can also look for rental properties in newspapers or magazines, or contact a local real estate agent. Additionally, you can look for rental properties in person by visiting local neighborhoods and asking around. Finally, you can also look for shared housing options, such as hostels or guesthouses, which can be a great way to save money while living in Myanmar," said one expat in Myanmar.
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What is a typical expat home or apartment like in Myanmar?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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