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?
|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 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.