Market Size of Myanmar Residential Real Estate Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.38 Billion |
| Market Size (2029) | USD 2.09 Billion |
| CAGR (2024 - 2029) | 8.63 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Myanmar Residential Real Estate Market Analysis
The Myanmar Residential Real Estate Market size is estimated at USD 1.38 billion in 2024, and is expected to reach USD 2.09 billion by 2029, growing at a CAGR of 8.63% during the forecast period (2024-2029).
- The ongoing political turmoil and a rapidly rising third wave of COVID-19 cases severely impacted the Myanmar economy, which had already been weakened by the pandemic in 2020. Reduced mobility and incomes, protests, labor shortages, the ongoing disruption of critical business services, including logistics and telecommunications, and public services such as health and education have hit economic activity.
- Apartments and land parcels are always available for purchase. Year over year, the price hikes are gradual. The cost has not changed. As a result, the investors can only earn minimally. With time, both the dollar value and the price of gold are skyrocketing. Based on their purchase price, the buyers may perceive the profits. Making money quickly for housing is challenging. Because of this, many do not choose to invest in the real estate industry.
- With supposedly abolished epidemic restrictions, Myanmar is again accessible to foreign investment. Unfortunately, no one was waiting to purchase real estate in Yangon, which was bad news for local developers and stakeholders. As demand outstripped supply at the beginning of the previous decade, property values in Myanmar's former capital surged.
- The market is witnessing a rise in mixed-use developments that combine residential, commercial, and retail spaces. These developments offer convenience and a live-work-play lifestyle, attracting buyers and investors seeking integrated communities.
