Real estate agents hope the government will announce new initiatives in Budget 2022 to tackle affordable housing issues in the country.

Juwai IQI Group co-founder and chief executive officer Kashif Ansari said based on a recent survey by the company, it is hoped that there is more focus on making it easier for first-time and lower-priced buyers to acquire their own home.

The firm surveyed real estate agents across the country on the top-priority property market-related measures they would like to see included in Budget 2022.

The three measures that are most popular with the real estate industry are doing more to support first-time buyers, providing stamp duty relief, and reinstating the Home Ownership Campaign (HOC).

“What the three highest priority policy measures have in common is also the financial security and wealth building opportunities that go along with home-ownership. We have all seen how unexpected external events such as the pandemic can upend the most carefully laid plans,” he said.

Kashif said the government has launched eight separate stimulus plans to support Malaysians and the economy in the face of the pandemic, and these efforts have helped many Malaysians.

Read more: New Straits Times

Source: New Straits Times