Rent for houses, companies, shops, restaurants, and workshops in Magway has increased, and prices have been also rising, according to real estate agents in Magway.
On the main roads of Magway, rent for companies, shops, workshops, and restaurants ranges from Ks.500,000 to Ks.1500,000, and rental is brisk. Residential rentals range from Ks.150,000 to Ks.500,000 kyats, depending on the type of room. In Magway, the highest rents are near markets and schools, said U Kyaw Myo Thu, Chairman of the Myanmar Real Estate Services Association (Magway Region).
The house rental market in Magway is brisk and prices are rising due to the influx of temporarily displaced persons and people coming from nearby villages and other towns to do business. The real estate market in Magway is also higher than before.
