Nationals of the Republic of the Union of Myanmar have become the second largest buyers in Thailand’s real estate market, after the Chinese. However, many of the buyers include expatriates who no longer plan to return to or make financial transfers to their countries of origin. Industry professionals in the Kingdom said they were delighted with the windfall in a declining local market, with transaction volumes with Myanmar three times higher in the first nine months of 2024 than in the same period in 2023, and often Will speed up +65% July and September. To say the least, this dynamic does not suggest confidence in the stability and prosperity promised by Naypyitaw’s generals.
Francois Gilbert
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Post-Myanmar – Conflict: 95% of Rakhine State’s population trapped in poverty appeared first on Gavroche, Thailand.
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