There have been plenty of reports
suggesting that the property market in Malaysia is set to struggle in
2012. Many real estate forecasts
have suggested that prices in the country will fall this year, although that
doesnââ¬â¢t appear to be the sentiment of property experts.
A new survey has revealed that
most property experts in Malaysia expect prices to rise in the next few months
ââ¬â great news if youââ¬â¢re thinking of buying a home in Malaysia. Keep reading to learn more.
Sales and values of property in Malaysia expected to rise in the second
half of 2012
The Sun Daily reports that ââ¬Ëthe recent survey by PropertyGuru
Malaysia has found that a majority of people interested in property still
believe that prices will rise.ââ¬â¢
According to the websiteââ¬â¢s
Malaysia Property Sentiment Survey in the first quarter of 2012, 72 per cent of
respondents believe that property prices in the country will rise in the next
six months. This is higher than
the number who believed the same in the previous quarter (61 per cent).
The newspaper reports that this
may be attributed in part to the belief that property transactions will
actually rise over the next six months.
64 per cent of respondents to the survey think that transactions will
increase in the remainder of 2012, up from 57 per cent in the final quarter of
2011.
More than half of respondents
expect transactions and prices for apartments and terrace houses to rise. This is important, as these are the most
popular property types.
While there may have been some gloomy
pictures painted of the Malaysian property market, the truth is that most
property experts in the country expect the number of house sales to rise in
2012.
And, real estate professionals
also expect prices to rise which is great news for anyone looking to buy
property in Malaysia.
Author : Nick
Marr
