Buying a property in Malaysia could be a good long-term investment for those with money to enter the country's real estate sector.
This is the opinion of Nixon Paul, president of the Malaysia Institute of Estate Agents (MIEA), who told the Malaysia Star Online that the country's real estate market compares favourably to other destinations in the area.
"We are one of the cheapest in the region and if you are looking to invest over the long term, say ten years, now is a good time to get into the condominium market. Over the next decade, prices will appreciate," he stated.
However, Mr Paul cautioned investors relying on rental income that they may find it difficult to cover the cost of a loan due to the current oversupply of condominiums.
At the beginning of March, MIEA will host its annual real estate convention, which this year will have the theme: Property Investment, the Way Forward.
Speaking to the publication earlier this month, Mr Paul explained the topic had been chosen because buying and selling investment property is becoming an increasingly important aspect of real estate agents' jobs.