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London "Ghost Luxury Apartments" Growing

Category: Real estate, Posted:28 May 2015 | 06:00 am

I've just read an article in Singapore's Business Times about mounting concern over the growing market of London Ghost property.
The trend is tagged "buy-to-leave" and is in a nutshell driven by foreign real estate buyers speculating on capital appreciation of upscale London apartments.
While a mounting segment of end-users are scrambling with find rentals, a legion of properties are being kept vacant for longer-term flipping.
There is pressure on local-government authorities to place restrictions on owners to either occupy or else rent out their units.
Over the past three to four years Phuket has experienced a ramp up of small cheap apartments and it's likely that supply and demand will see the island have it's very own 'buy-to-leave' issue in the short term once these projects complete and handover.

Other News

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Pavilons Inks Deal With Krabi Eco Resort

Category: Hotels, Posted:05 Dec 2020 | 06:00 am Pavilions Hotel and Resorts has signed a deal for a 59-key eco resort in Krabi, Thailand. The property is a conversion of the Anana Krabi Ecological Resort and will be fully operational in February 2021. Currently Pavilions operates nine properties in Asia and Europe with another 5 in the pipeline. The group recently launched a […]
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MasterClass – Hotel Branded Residences

Category: Hotels, Posted:04 Dec 2020 | 09:12 am C9 Hotelworks and Delivering Asia Communications have organized a virtual masterclass on Hotel Branded Residences – Insights into a key driving force in new hospitality and real estate developments. The webinar will be held on Wednesday 9th December, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong Register for free Look at any hotel development pipeline and you will see how branded residences are […]
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HOTELS’ GREAT DIVIDE Owning The Customer Or The Product?

Category: Hotels, Posted:29 Nov 2020 | 12:23 pm There is a great debate within the Covid-19 hotel space on where things are headed once the vaccine kicks in. Some say consolidation, others point to fragmentation, while the doomsday cults say the hotel industry will never be the same. To that point, minute by minute, nothing is really the same anyway so cut that […]