Supply finally meeting Demand? Expatriate Housing in Yangon, Myanmar
Two years ago the economy in Yangon was booming.
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[fa icon="calendar'] Apr 21, 2016 @ 11:00 AM / by Meleah Paull
AIRINC is able to collect consistent and unbiased cost-of-living data by sending its own staff to conduct onsite pricing surveys in cities around the world where organizations send their international assignees.
[fa icon="calendar'] Mar 17, 2016 @ 07:00 AM / by Meleah Paull
[fa icon="calendar'] Nov 05, 2015 @ 02:43 PM / by Meleah Paull
Beginning on July 1, 2015, all transactions within Indonesia must be paid in Indonesian rupiah. This ban on foreign currencies has disrupted the common practice of quoting prices and paying rent for expatriate executive housing in U.S. dollars. Realtors I spoke with in August, however, said that there has been little substantive change in negotiation practices. Rents are still discussed in U.S. dollar terms and then converted to and paid in rupiah at the time of agreement and signing. Although rents are stated as a monthly price, the full term of any expatriate rental in Jakarta must be paid in advance, so the conversion to rupiah is calculated just once rather than many times throughout the lease.