Roundtrip transaction costs are low in Myanmar
Taxation Researcher | October 08, 2020
How high are realtors´ and lawyers´ fees in the Myanmar? What about other property purchase costs?
|Stamp Duty||4.00% - 6.00%||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.
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.