TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Brexit Could Trigger Island Property Slide

Category: Real estate, Posted:24 Jun 2016 | 14:12 pm

Today’s shock Brexit exit has experienced a sudden and rapid reaction from global financial markets, as the pound has taken a literal pounding.

The financial sector does not like volatility and the virtual Pandora’s Box of geopolitical fallout is likely to be a significant disruptor.

In Phuket during the mid 2000’s the pre-GFC depreciation of the British pound was the turning point in a vibrant real estate cycle.

Given the currency is  the bread and butter of many investors and also used by other property classes such as retirees or holiday home purchasers, a broad devaluation could  have a potential negative impact.

As for tourism, one will have to look forward to the coming high season as the UK is a key Greater Phuket source market for snowbirds and the exchange rate between the pound and Thai baht do have a connection.

Pandora played a starring role today, but the economic fallout from the Brexit have undoubtedly captivated the world and taken front and center stage.

Readers should assume the position and brace brace brace.

 

Other News

Read more

Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
Read more

PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
Read more

Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]