Impact of Interest Rate Hikes on the Housing Market
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Authored by: Dr. Lee Nai Jia, Head of Real Estate Intelligence, PropertyGuru Group
Since the beginning of the second half of 2022, interest rates have been on an uptrend due to inflation. Higher oil prices led to increased inflation, leading central banks worldwide to raise their policy rates to stem the inflation. In Southeast Asia, higher interest rates exerted downward pressures on home prices, but this were offset by the reopening of the borders.
Interest rate hikes lead to higher costs of owning a home, as higher interest rates tend to impact home prices. This is especially true in Malaysia, with key areas impacted by the increased interest rate, leading to a gradual shift in balance for housing demands as well as pricing within the local market.
Discover and explore more key insights (powered by DataSense) on how interest rate hikes impact the Malaysian housing market by downloading our full report below.
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