When you are relocating, whether it is across town or to another country, going online to look for properties can be very beneficial. You can get a look at the type of housing that is available and find out the price range so you can budget your finances before moving. However, if you are moving to another country, you should get in touch with a local agent to help inform you of local laws and customs and to help you find a good neighborhood to move to.
Relocating to Mayangone
Mayangone is a township located in north Yangon, which is a city in Myanmar. The economy of the country has expanded quickly in the past few years, making it more appealing to both companies relocating there and expatriates looking for a more affordable and exotic place to live. The currency in Myanmar is the Burmese kyat, abbreviated as MMK, and one United States dollar is roughly equal to 1,240 MMK.
If you look at properties online, you will find a mix of western-style, single-family homes with land for houses and condominiums located right in the city. Those who are not familiar with the country should contact a local agent to help them find a good neighborhood, especially if they are moving to Mayangone with their family. The town has several primary and secondary schools, so it shouldn’t be difficult to find one to your liking.
Owning Property in Myanmar
Sometimes it can be difficult for foreigners to move to another country and buy property. In Myanmar, foreigners cannot own land or condominiums, but they can lease them from the government. A new investment law passed in 2012 allows for 50-year leases to be made with the government, with two 10-year option renewals.
To better understand how to purchase real estate for sale in Mayangone, you should contact a local real estate agent and ask them about the rules. Before making a purchase agreement for property, it is important to view it first hand to make sure the pictures are an accurate representation of the location. In addition to looking at the properties, you also need to view the neighborhood to see if it is suitable for your needs.
A local real estate agent can show you other properties once you have arrived in Mayangone and help with any language or culture barriers you may experience. Since the official language of Myanmar is Burmese, and there are also several other regional languages used in the country, you could experience some language barriers, along with cultural ones, by moving to that part of Asia.
Whether you are relocating to Mayangone for a job or to retire someplace exotic, you can begin to look for residential properties online and then contact the company that owns the website to speak to a local real estate agent. They can help arrange for properties for you to view with the amenities you and your family need.