Middle eastern buyers increasing in malaysia, research suggests

Economic uncertainty and the availability of Islamic finance is driving Middle Eastern real estate investors to look East to markets such as Malaysia, it is claimed.

Middle Eastern investment into Malaysian real estate projects has risen 11.4% in the third quarter of 2011 compared with the same period in 2010, according to figures from IP Global, a property investment company which specialises in emerging and recovering markets.

Malaysia’s well regulated real estate market has grown 5.3% and Kuala Lumpur is the country’s hotspot with a property house index growth of 11.4% year on year, it says in its latest report.

Malaysia has been providing Shariah compliant financial services for over 25 years and this is one factor that makes it increasingly attractive to buyers from the Middle East.

Source: PropertyWire.com