Malaysia appears to be an attractive place for those who want to take out a mortgage on an overseas property.
According to a report by NuWire Investor, the housing market in Malaysia is set for a recovery this year, after two consecutive years of decline.
The low interest rates, favourable taxes and better access to loans are all expected to boost the demand for property in the country, according to a poll conducted by the Real Estate and Housing Developers’ Association.
About 50 percent of all the members of the association expect that property prices in Malaysia will rise up to 20 percent this year, a forecast that will encourage many investors to quickly obtain a foreign property mortgage.
Christopher Boyd, executive chairman of CB Richard Ellis, said last month that the influx of foreign property investors will boost the country’s property market in the coming years.
"Foreign funds drifted away with the financial crisis and now it’s picking up slowly with the liberalisation measures creating new opportunities for investors," said Mr. Boyd.