A research center recently announced that house prices in Malaysia are rising due to prolonged loan periods. Loans can now be extended up to 35 years, and with sufficient collateral, some home loans can span generations.
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Users claim house prices increasing due to loan interest rates
Discussions are ongoing on X regarding this problem. Users claim that it’s the middle class housing that is facing this issue. Homeowners are paying interest rates which would then double or triple the price of said house, despite bank valuations showing otherwise at times.
Regardless, there is no other option for someone to purchase a home without a loan. One of the few ways is to save up the cash in full and make payment on the home all in one shot. But that too could cause some ramifications to the homeowner.
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