Malaysia's real estate sector is expected to see a strong recovery in 2022, reports The Sun Daily (8 September 2020). According to a Property Survey and Index Q3 2020 report by proptech group Juwai IQI, the real estate industry is forecasting national price growth of 10.6% through the third quarter of 2022, despite a -4.8% fall over the next 12 months. Report findings show local first-time buyers' share of new home purchases increased by 4 percentage points to 34% this quarter. States that are expected to see price growth over the next two years are Penang and Perak. On a nationwide basis, rents are expected to drop 3.8% over the next 12 months. Juwai IQI executive director Kashif Ansari said Covid-19 and the resultant economic slowdown has had a significant impact on real estate residential prices but survey findings also reveal that the appetite for property is resilient despite Coronavirus-related restrictions. “The fact that first-time local buyers have increased their share in transactions demonstrates the need for homeownership. This also shows that the government’s stimulus measures meant to support this group have been effective. The government has made it easier for first-time buyers to acquire their first home with the reintroduction of the Home Ownership Campaign."