In a press release by Knight Frank, it was reported that Phuket has continued to be a global attraction for holiday makers as well as for those renting private villas instead of staying in hotels. Last year villas and condominiums on Phuket witnessed an improvement in rental demand during the high-season. Now lessees are coming from a greater variety of countries, with Hong Kong and Singapore’s expatriates plus Russians, Koreans, and Indians coming in beside Europeans as key markets investors.
The rest is here:
Thailand Property – Phuket rental market shows healthy demand
Mr. Nattha said that the variety of buyers this year are found in Phuket, for instance Asians and Russians. Russia is also threatening to overwhelm Europe as Phuket residential buyers. One reason for the dramatic increase in numbers is simple, the severe weather in the Euro-zone, notably Eastern Europe, has shaken up many people about the need to relocate to safer, better homes. The busiest time is between October to April when the weather in Europe is really cold.
Another reason is that it’s never been easier for the international tourists to get to Phuket. There are many charter airlines now run direct flights between many big and small cities in various parts of the world to Phuket. Previously, Russians were visiting places like Turkey and Egypt, but due to the political unrest in those areas, and the cost being the same, they have turned to come to Phuket. However, there are two main classes of tourist which are the lower middle class and ultra-wealthy tourist. Phuket is abuzz with talk of these new buyers.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns
We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
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