Should I buy or rent a home in Yangon?

"Deciding whether to buy or rent a home in Yangon, depends on several factors, including your financial situation, long-term plans, and the current real estate market. If you plan to stay in Yangon for an extended period and have the financial means, buying a home can be a good investment. Owning a property allows you to build equity, customize your living space, and potentially benefit from the appreciation of property values over time. Additionally, buying a home can provide a sense of stability and security. On the other hand, renting a home in Yangon offers more flexibility and fewer responsibilities. If you are unsure about your long-term plans or prefer not to commit to a large financial investment, renting may be the better option. Renting allows you to easily relocate if needed and frees you from the responsibilities of property maintenance and taxes. Moreover, renting can be more affordable in the short term, as you won't need to pay a large down payment or cover the costs of property ownership. It's essential to carefully consider your financial situation, lifestyle preferences, and long-term goals before deciding whether to buy or rent a home in Yangon. It may also be helpful to consult with a local real estate agent to gain a better understanding of the current market conditions and available options," remarked another expat who made the move to Yangon, Myanmar.