400% rise: Why sanction-hit Myanmar is experiencing a property boom | The World | ABC News
Myanmar remains one of the poorest countries in our region where two in three people are either living in poverty or close to it, according to the UNDP. Curiously though, its property market is booming, and in some cases by 400 per cent. And that’s despite crippling economic sanctions placed on a regime that is also fighting a civil war. Cape Diamond, freelance journalist based in Myanmar, explains to The World’s Girish Sawlani what’s attracting buyers to property.
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