Centred on the capital, Amman, Jordan’s real estate sector experienced a largely stable 2016-17 period. Rents and sales prices registered marginal increases in the residential market, while there were slight declines in the commercial segment. Much of this was due to the higher growth and rapid development of recent years, which left a good...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Hopes are high that a recent move to clarify regulations governing the sale and development of condominiums in Myanmar will boost their demand. The Condominium Rules, published by the Ministry of Construction (MoC) on December 15, 2017 ease restrictions on foreign ownership, clarify aspects of the law and provide greater safeguards for buyers...
With increasing demand for housing, public transport and utilities infrastructure, the Yangon authorities are making determined efforts to develop the city. The Yangon City Master Plan, an updated version of which was drawn up at the end of 2016, presents detailed proposals for the upgrade and expansion of the city’s capacity. These plans...
Emerging only recently as a real estate investment destination, the Myanmar property market has gone through a period of adjustment since 2013. After a lengthy course of isolation, an initial burst of interest in the country from many global companies, governments and non-governmental organisations led to a surge in demand for residential and...
The construction sector in Myanmar has experienced some turbulence in recent years. Changes to the regulatory framework and budget deficits have had an impact on the construction of houses, while plans to upgrade the country’s infrastructure have faced economic and political constraints. Nonetheless, the government is determined to move...
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