Construction activity has increased significantly in Myanmar as the country works to address gaps in transport and power infrastructure, as well as an affordable housing shortage. The creation of several economic zones aimed at attracting investment and new cities over the coming years is expected to further the expansion. Cooperation with...
In recent years Myanmar’s real estate market has been hampered by oversupply, regulatory uncertainty, and an absence of consumer financing or avenues for international investment. However, as market conditions improve, new laws and regulations governing the development and sale of condominiums to foreigners, along with greater flexibility in...
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban...
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Despite the real estate market’s subdued performance, one of the largest brokerage firms in the US opened up a new office in the emirate, which is expected to boost investor confidence and reinvigorate the sector. In May 2019 Berkshire Hathaway HomeServices (BHHS) announced its arrival in the Middle East market with the opening of a new office...
Construction in Dubai was a major factor in the expansive economic growth seen in the early 2000s. Indeed, it was a popular claim that the emirate was home to 20% of the world’s cranes at the height of the boom in 2006. However, the sector has witnessed a slowdown in recent years as lower oil prices depressed consumer demand. This was...
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