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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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Vietnam Tourism Voices  – The Tiger Roars Back

Category: Tourism, Posted:24 Sep 2021 | 13:40 pm Next Tuesday join C9 Hotelworks and Delivering Asia Communications for an in-depth look at Vietnam’s return of the international marketplace. Vietnam’s tourism and hotel market is focused an upcoming ‘Sandbox-style’ reopening for international travel. With the Vietnamese resort island of Phu Quoc taking center stage in a proof of concept, the hospitality industry in this […]
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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]