The real estate market in Malaysia is set to rebound healthily in 2010, according to the Real Estate and Housing Developers’ Association.
Global Property Guide reports that a recent poll conducted by the organisation showed widespread expectations of recovery, with 50 per cent of members expecting a 20 per cent rise in house prices this year.
Malaysia’s real estate market has suffered considerably during the global financial crisis and property prices have fallen since 2007.
However, recent tax reductions, favourable residential lending conditions and attractive capital gains treatment are all expected to increase interest in investment, particularly from overseas buyers.
Expat Forum reports Malaysia boasts an extensive and sophisticated private and public healthcare infrastructure to support its population, although those planning a move to the country may wish to take out an expat medical insurance policy to ensure they have full access to treatment in the event of illness or injury.
Moving abroad? Get a free quote for your international medical insurance online.