Malaysian property market to benefit from economic and tourism revivals

The Malaysian property market could be set to benefit from the economic recovery in Asia, it has been claimed.

Property Abroad has suggested that the real estate market in the destination will benefit from exiting its short recession and burgeoning tourism market.

Malaysia has always been a favoured destination for tourists in Asia and around the world and as such, could lead to a resurgence in overseas property investors.

"Regional tourism is the investors' best friend because it gives them the opportunity for high-yield holiday lets and sometimes even longer-term holiday lets," the website stated.

Furthermore, the market could receive a boost from the current political troubles being experienced in Thailand, with potential investors looking for a more stable country to buy property in.

Earlier this year, PrimeLocation.com reported that the government in Malaysia is doing a good job attracting British buyers to the country.

Initiatives like the Malaysian My Second Home Visa programme and the lack of capital gains tax when selling a property make investing in the country a viable option for many.