Article Date : 02 April 2008
News Section: Malaysia
Overseas property investors could find Malaysia a potentially lucrative market, according to a media report.
Forbes has included the Asian country in its list of nations that could offer favourable investment conditions during the ongoing global economic slowdown.
Malaysia's economy was praised for being one of the fastest-growing in the region, as well as having low consumer prices and low inflation.
This means that many people in the country are enjoying a reduced cost of living and increased amounts of disposable income.
As a result, there will be growing demand for high-quality housing in the most desirable areas.
Forbes commented: "Although the worldwide real estate market is softening as credit reservoirs dry, some spots are poised for growth."
This comes after Amberlamb stated that the Malaysian economy is likely to see growth of 5.8 per cent this year.
Prospective buyers were also told that Malaysia offers a number of other attractions, including a robust housing market.
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