August 20, 2016

Myanmar stock market overshadows real estate market

A panoramic view of Yangon.
A panoramic view of Yangon.

THE real estate market has declined because of greater interest by the majority of investors in the stock market, according to economic experts.
“The real-estate market hasn’t stagnated. Potential investors are just considering where best to place their money. Real estate was the best form of investment in the past. Now, people are putting their money elsewhere as investment opportunities in other markets have opened up. The international real estate market also isn’t suffering from a decline. For the moment, we can’t speculate anything yet. People have just become a little hesitant is all.” explained Dr Maung Aung, economic expert.
Over K20 billion in weekly sales on the stock market has taken interest away from the real estate market, which could result in the market declining, say real estate experts.
“It’s because of political change. There’s still some trepidation over the sustainability of a changing system.” said U Than Oo, chair of Mandaing real estate.
Those in the real-estate business have made it known the real estate industry has not completely stagnated, with people keeping a watchful eye on future developments.


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