In Burma, Foreign Investment Surges, Office Rent Sizzles
To calculate whether renting or buying a home costs less, we take the following steps: Calculate the average rent and for-sale price for an identical set of properties. For this report we looked at all the homes listed on Trulia for sale and for rent from June to August 2013. We estimate prices and rents for similar homes in similar neighborhoods in order get a direct apples-to-apples comparison. We are NOT just comparing the average rent and average price of homes on the market, which would be misleading because rental and for-sale properties are very different: most importantly, for-sale homes are roughly 50% bigger, on average, than rentals.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/trulia/2013/09/19/rising-mortgage-rates-narrowing-buy-vs-rent-gap/
The European Union agreed in April to lift all sanctions on Burma, while the United States suspended sanctions in May last year and allowed U.S. companies to invest through a general license. Some American executives have urged Washington to go further and lift sanctions entirely.
For the original version including any supplementary images or video, visit http://www.voanews.com/content/reu-foreign-investment-in-burma-surges-office-rent-sizzles/1753568.html