Last year 2010, Malaysia property market recorded the BEST year ever. Will it be another record breaking year in 2011? Many economist and property analysts opine that this year, the property market will appreciates by another 10-15%. So, should we wait some more?
Recently, many of my friends keeps on asking the same bold questions.
- Should I buy house now?
- Or, should I wait some more?
- But, when is the property downturn?
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| Modern Design: Swimming pool in the house. |
Good questions though, but if you ask me when is the property downturn, I really do not know. As a rule of thumb, I will rely on the stock market to give me the indication. Commonly, property market will take a blow one year after the crashing of stock market. Example, the 2008 financial crisis gave us a good timing to invest in property market. For those who buy house during that time, you should know what I am talking about and smile.
So what? How about now?
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