Malaysian government are helping make the country an attractive investment prospect

The Malaysian government's keenness to attract foreign property buyers is helping to make the country an attractive investment prospect for many, it has been reported.

According to UK property website Prime Location, recently Malaysia has been drawing a "steady stream" of British buyers looking for retirement, investment and holiday homes.

Government initiatives such as the Malaysian My Second Home Visa programme and the lack of capital gains tax when selling a property have made it a good investment prospect, the website reports.

Meanwhile, news has emerged that the Foreign Investment Committee is making plans for a deregulation of investment guidelines to make it easier for overseas purchasers.

Malaysia has plenty of natural appeal, with large forests, a warm climate and unspoiled beaches.

It is also one of south-east Asia's most developed countries, boasting rapid economic growth in recent years.

Homesgofast.com has put the country in its top ten places for overseas investment in 2010.

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