The actual position of property in Malaysia is quite hard determine because its residential sector, especially the mid-level to high end properties are in a much better position. But at the same time, the inflation is affecting the demand of the property in Malaysia. Even the analysts and experts on property matters are confused about the situation in real estate market of this beautiful Asian country.
Malaysia’s economy is booming thanks to its sound tourism sector. Country’s Government has also done exceptionally well in ensuring a steady flow of foreign investment to the country. But even after all these measures; property in Malaysia is not immune to the world real estate scenario. Despite the predicted growth of 5.8% this year, the fact is that the property of this country has been affected by the global financial meltdown.
Even though, Malaysia is in good position as compared to some other countries to survive economic slowdown as it exports oil and has a diverse export base, property in Malaysia will be affected badly. According to the experts, investors in Malaysia are in a negative mood and believe that they would be better off without making any huge investment at this point.
However, this mood is not expected to stay for long time because Malaysia is a very strong market with a big internal market with great affordability. The fact that Malaysia is an emerging tourist destination also goes in the favor of the market of property in Malaysia. Government is also helping Malaysia’s property market by encouraging foreign investment in this sector. Special tax rebates and facilities are provided to such investors to motivate them to bring more foreign exchange in the country. Look for more PerumahanSyariah