Juwai IQI Survey: Foreign property buyers will be back in M’sia by June 2023

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A survey conducted by Juwai IQI of nearly 350 real estate agents across Malaysia found that more than two-thirds expect offshore buying of Malaysian real estate will return to pre-Covid levels by the end of 2023.

Juwai IQI Group Co-Founder and CEO Kashif Ansari said: “The pandemic is almost behind us, and thanks to public sector support and the vaccination campaign, we have learned to overcome it. “The reopening of borders and the resumption of travel means that foreign buyers are beginning to return. Foreign investment is essential to the Malaysian property market.

He added Malaysia has many advantages as a destination for foreign investment and that the fact that Malaysia’s economy will benefit from the current global environment of commodity price growth sets us apart from many other Southeast Asian countries. Kashif says this is a major selling point. “Strong economic and employment growth is likely to lead to strong property market performance. As inventory is sold down and prices even begin to rise, foreign investors will find the Malaysian market irresistible. Most investors want to purchase in a rising market, and few have the fortitude to buy when prices are falling.”

Thank you to the below news articles for the feature.

Read more: Bernama, New Straits Times, Business Today, The Sun Daily, Focus Malaysia, Selangor Journal

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