Property prices up 400% as sanction-hit Myanmar experiences real estate boom | The World | ABC News

Myanmar remains one of the poorest countries in our region where two in three people are either living in poverty or close to it, according to the UNDP. Curiously though, its property market is booming, and in some cases by 400 per cent. And that's despite crippling economic sanctions placed on a regime that is also fighting a civil war. Cape Diamond, freelance journalist based in Myanmar, explains to The World's Girish Sawlani what's attracting buyers to property. Subscribe: http://ab.co/1svxLVE Read more here: Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCTheWorld #ABCAsiaPacific