THE world is static and no way to expend. It is people keep increase population and the land become expensive by time. I bought some land in promising area and am obsessed to buy more especially this time. Myanmar is strangely one of most expensive country to buy a land in major cities. I sense that the trend won't turn back unless the government issue proper policies that will have impact on local property market. Some land price even on satellite area are out of reachable for middle class family now.
The country starts to open up and FDI coming in gradually, I don't see the land price is going to fall down in near future because demand is so much bigger than supply. In market theory, demand greater than supply, the price would be up, needless to consult fortune tellers. The bank interests is so low and cannot catch up the depreciation of currency or inflation of a country like Myanmar. The government staff salaries is going to be raised in next budget and it is most likely to happen inflation again. This make me think of long term investment and nothing is better than buying a land plot in Burma. Of course, there is always have a risk to buy land plot because it complicate and process is longer than buying just a flat/apartment. I would buy land if the risk is mind rather than a flat which has less return in long term. The motto is that buy now or pay later. It is really truth in Burma and I don't know who are owning such expensive land and who are hunting after those extra-ordinary price land. Anyway, this is happening on our land and owning a land and living in a landed property become drain away from reality for an ordinary citizen like me.
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