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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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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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