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Factors that Contribute to Increase in Value of Land and Other Properties in Malaysia. The property and land value in Malaysia is rising. This is happening due to increasing in the economy of this country. Property location determines most its value. A property that is near public goods will fetch high amount. All properties that are near busy public areas have a high demand and their values increases. Salary increase is causing most people to be eager to do investment in real estate. Such people are ready to move to bigger homes and those who earns high income to invest more. In real estate, supply and demand refers to the ability of people to pay for the real estate even if there is shortage of the real estate. The value of the properties in Malaysia is controlled by the condition of increase in demand for an individual purchasing power and low supply due to the scarcity of goods. When the demand decreases, the value of the property falls. Malaysia has an enormous population. Penang has a high population of 1,490 people on average per square kilometer. This high population leads to congestion in the area and the land becomes less. Penang also receive a lot of tourists and foreign retirees leading to increase in demand and increase in value of the real estate.
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The construction that is currently underway is causing the value of the land and other properties to increase. Any land that is near a water body is going at a very high price compared to one that is not near. People are having a lot of faith with Feng Shi and claims that it is coming along with a lot of blessings. Individuals are considering most where an asset is situated.
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Inflation is affecting the value of a real estate in Malaysia. It involves the rise in costs and a decrease in value of buying. Arecent report showed that the value of real estate in Penang is increasing. There is an increase in the cement prices which means that the cost of other building products will also increase. All this increase leads to an increase in the property value. Another thing that leads to an increase in value of a real estate is transportation and the costs of labor. Property agents, auctions and real estate websites, do marketing of any property making that property viewed by most people hence increase in demand. It has made the real estate to be reachable to many people comfortable and favorable. This has lead to increase in demand in capital investment thus increasing the value of real estate. Another the thing that affects property value is the mortgage value. Lower housing demand leads to lower mortgage rates which help to improve the property housing thus reduce the rent.