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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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Loco Local – Top Phuket Vibes

Category: Tourism, Posted:07 Mar 2021 | 09:46 am Our Thai road trip video series from C9 Hotelworks together with Delivering Asia Communications continues as we bring you a new set of insights into what’s new in Phuket, along with a special visit to Bill Bensley’s magical home Baan Botanica on World Wildlife Day. Buckle up, and get ready to imagine a new set […]
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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]