Despite the Buddhist Lent, Yangon’s property rent market remains active, with no signs of slowdown. Rising migration into the city, particularly of tenants, has kept demand high, according to estate agents. Many newcomers, including young people attending training courses, opt to rent rather than buy, driving rents up across most townships. Some tenants, including families and company employees from outside Yangon, share rental units, while apartments are increasingly offered on six-month or long-term leases, making short-term three-month contracts harder to find. Estate agents note that rental activity now outpaces buying and selling, with expectations of further growth in the dry season.
Source: The Global New Light of Myanmar