Property prices a major concern for homebuyers

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Property prices a major concern for homebuyers
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MUNICH, Germany (Reuters) - Following is reaction from Friday's Euro 2024 opening game in which Germany beat 10-man Scotland 5-1, with goals from Florian Wirtz, Jamal Musiala, Kai Havertz, Niclas Fullkrug and Emre Can for Germany, and an own goal by Antonio Ruediger for the Scots.

Ever since he started work here five years ago, the 32-year-old has been eagerly scouting for a prospective first home.However, his dream of owning his first house may be out of reach following reports of possible increases in property prices due to the diesel subsidy rationalisation exercise.

Shamir is among many aspiring first-time homebuyers concerned over the possible rise in property prices and renovation costs due to the diesel subsidy rationalisation.“I began scouting last year, and I’m planning to buy a place in Kuala Lumpur by the end of this year. Since the property is still under development, I’m worried that the price I was quoted will increase.

Contractor Vincent Tan is predicting that the price of renovation services will go up by between 20% and 30%. “The market is already slow as it is, and the possible higher cost of raw materials might make things harder,” he added.

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