Roundtrip transaction costs are low in Myanmar

March 11, 2019

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

Transaction Costs

Who Pays?
Stamp Duty 4.00% - 6.00% buyer
Additional Tax 2.00% buyer
Real Estate Agent´s Fee seller
Costs paid by buyer 6.00% - 8.00%
Costs paid by seller 0.00%
ROUNDTRIP TRANSACTION COSTS 6.00% - 8.00%
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
For properties inside Yangon, stamp duty is levied at a flat rate of 6% of the property value as established by the appraisal committee. For properties outside Yangon, stamp duty is levied at a flat rate of 4% 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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