The Malaysian real estate industry expects a strong market recovery in 2022, according to the new Property Survey and Index Q3 2020 by proptech group Juwai IQI, reports MELODYINTER (21 September 2020). National price growth is forecast at 10.6% through the third quarter of 2022, despite a -4.8% fall over the next 12 months, noted the survey. States with the strongest forecast price growth over the next two years are Penang and Perak while Kuala Lumpur and Selangor are predicted to have the lowest. Transactions by local first-time buyers increased by 4 percentage points to 34% this quarter, while foreign buyer share fell by -7 percentage points to 14%.