Global Property Guide

Financial Information for the Residential Property Buyer


Roundtrip transaction costs are low in Myanmar

Last Updated: October 03, 2017

 

How high are realtors’ and lawyers’ fees in the Myanmar? What about other property purchase costs?

Transaction Costs

Who Pays?
Stamp Duty 3.00% buyer
Additional Tax 2.00% buyer
Real Estate Agent's Fee   seller
Costs paid by buyer 5.00%
Costs paid by seller 0.00%
ROUNDTRIP TRANSACTION COSTS 5.00%
See Footnotes
Source: Global Property Guide



Footnotes to Transaction Costs Table

The round trip transaction costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc.

Stamp Duty
Stamp duty is levied at a flat rate of 3% of the property value as established by the appraisal committee. Stamp duty is paid by the buyer.

Additional Tax
Additional tax is levied at a flat rate of 2% on the property value as established by the appraisal committee. The buyer pays for the additional tax.

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