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 doesnÃ¢â¬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 Ã¢â¬â great news if youÃ¢â¬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 Ã¢â¬Ëthe recent survey by PropertyGuru Malaysia has found that a majority of people interested in property still believe that prices will rise.Ã¢â¬â¢
According to the websiteÃ¢â¬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