400% rise: Why sanction-hit Myanmar is experiencing a property boom | The World | ABC News
Community Score: 50% | 4.3K views | 1w
0 community ratings: null thumbs up, null thumbs down
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. Subscribe: http://ab.co/1svxLVE Read more here: Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCTheWorld #ABCAsiaPacific
Tags: Australia, abc, abc news, news, myanmar, property boom, house, sanctions, buyers, Cape Diamond, booming, burma
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%