6 to 24 months for property market to fully recover, survey finds | The Malaysian Insight

A property survey finds that most developers are optimistic about the business and economic outlook of the industry in the first half of 2022. – The Malaysian Insight file pic, October 21, 2021.

IT will take between six and 24 months for the property market to fully recover from the effects of the lockdowns brought about by the Covid-19 epidemic, a survey by the real estate and housing developers’ association found. The Property Industry Survey for the first half of 2021 was conducted from August 16 to 31 and involved 180 respondents from the property sector.

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Rising commodity prices will impact housing market, association says | The Malaysian InsightDevelopers can no longer afford to absorb costs of raw materials like steel, will pass on to consumer if prices continue upward trend.
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