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Residential property prices to surge after pandemic, says study

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Survey by real estate company Juwai IQI predicts that residential property prices will climb again next year to 8.6% above current levels. FMTNews Property Pandemic

Juwai IQI says property is viewed as a relatively safe investment that can provide cash flow.

Group executive director Kashif Ansari said the drop in number of property transactions due to the movement control order was also causing property prices to stagnate. He added that Bank Negara Malaysia’s six-month moratorium on interest and principal payments for loans had provided relief to property owners besides easing the pressure on the real estate market.

“But looking forward two years, agents are more confident about rental rates. Nationwide, agents expect rental rates to climb by 7.1% by January 2022,” Ansari said.

 

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Who csn afford to buy them when unemployment will be high. Nonsense projection.

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