Will property prices fall when loan moratorium ends?

Will property prices fall when loan moratorium ends? - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Will property prices fall when loan moratorium ends?, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The property market will not be spared the economic slump, but there is hope for certain segments.The property industry will not be spared in the worst economic slump of the country’s history as a result of the Covid-19 pandemic. And with the moratorium on housing loan repayments drawing to a close, homebuyers must decide whether or not to go ahead with their purchases, negotiate big discounts or walk away empty-handed. On April 1, the government introduced a six-month moratorium on the payment of property loans to help Malaysians weather the impact of pay cuts, retrenchment or loss of business during the Movement Control Order. According to the Department of Statistics Malaysia, the number of buyers who qualify for property loans dropped because unemployment affected 778,800 people. Now, most property buyers believe prices will drop tremendously when the moratorium ends next mont…