Corporate foreign exchange news

Published by Mark Smith-HalvorsenMalaysia looks set to become an attractive market for those considering taking out a mortgage on foreign property.According to a report from NuWire Investor, the country's housing market is set for a recovery in 2010, after falling for two consecutive years.Low interest rates, better access to loans and favourable taxes are all expected to boost demand for real estate in the country, according to a poll of experts conducted by the Real Estate and Housing Developers’ Association.Speaking to the organisation, 50 per cent of members said they expect property prices to rise as much as 20 per cent in 2010, a forecast that may encourage investors to take on a foreign property mortgage quickly.Last month, CB Richard Ellis executive chairman Christopher Boyd told Bernama that foreign property investment inflows will provide a substantial boost for the Malaysian real estate market in the coming year."Foreign funds drifted away with the financial crisis and now it's picking up slowly with the liberalisation measures creating new opportunities for investors," he commented.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site