Real estate Malaysia gets a place among ten hottest markets on the planet
Real estate conditions in some countries may appear bad, but it’s not like this in every country on the planet. In fact, recent data has clearly shown that on one hand European and U.S. countries maybe suffering a downfall still on the other hand markets in Asia are doing great. A country that needs special mention here is real estate Malaysia.
The way Malaysia has attained a strong hold on its real estate market over the past few decade is simply incredible. This pretty much depicts the dimensions the same will acquire in next decade. The power Malaysian economy has is great. It’s even said that currently Malaysia is the only developing market on the planet that will be called a developed economy by the year 2020. By 2050, Malaysia is expected to get placed among the top twenty economies in the world. Apart from other factors, penang real estatehas played a significant part in helping the country emerge as such a strong power on the global map.
Based on a recent research conducted by Knight Frank, a global real estate consultancy CNBC, Malaysia has already acquired a prominent place among the top ten hottest real estate markets on the planet. Placed just before Switzerland, Malaysia properties enjoy ninth position on this list. The list was made considering the ten countries judged on basis of average rise in the housing price over a period of five years, from Q4-2006 to Q4-2011.
The growth that Malaysia recorded over the span of these five years was a whopping 28.7%, which in Switzerland was recorded as 27.5%. This price rise is anticipated to gain greater momentum in the near future after the government’s announcement of increasing property prices for foreign investments made in Malaysian property market.
As per this report, Kuala Lumpur, the country’s capital, which is marked as a prime location among investors described an earning of RM1,515 in 2011. The total number of apartments that were offered for sale in KL by the end of last year amounted to a figure as 29,364, which is no less than incredible.
The economic stability prevalent in Malaysia has helped significantly in attracting the eye of investors thus making it favorable to increase property prices in the area. Even after the ongoing crisis in Europe and the United States, Malaysian economy has managed to remain stable and has even emerged as a top favorite on the Asian continent. The diversified portfolio for affordable housing facility that people get to enjoy in this beautiful place is a driving factor for this growth Malaysia has experienced.
In addition to Malaysia the other property markets that managed to make a place on this list by CNBC in positions 10 to 1 are: Switzerland (27.5 percent), Malaysia (28.7 percent), Norway (28.7 percent), Canada (28.7 percent), Taiwan (30.1 percent), Colombia (39.4 percent), Singapore (50.5 percent), Israel (54.4 percent), Hong Kong (93.7 percent) and China (110.9 percent).
Seeing the property market, which remains powerful and positive, real estate malaysia, is an excellent place for people who wish to make a safe and secured future investment.
The author is an expert in real estate malaysia and works with SriShanBid to assist with buying and selling of penang real estate. SriShanBid as a leading property company can help anyone in finding their dream property penang at best possible deals.
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