Rent in Rangoon continues to rise

Although the real estate market in Rangoon has markedly cooled over the last year, the rental market continues to increase, according to Myanmar Real Estate Services Association Chairman Khin Maung Than. “More than one million out of Rangoon’s seven million population rent rooms or houses. On top of that, an additional 30,000 people come to the city each year. While we cannot fulfill the demand, rents will continue to go up.”