Welcome to exotiq
Welcome to exotiq
July - September 2010
The summer season is upon us again, and combined with the soccer fever infecting the world right now from South Africa, it looks like being a manic time filled with parties, record hotel occupancies, and limitless sunshine and good times. The Bali property market remains as strong as ever and this was reflected recently with Exotiq taking top honours once again for 2010 as the Best Real Estate Agency Indonesia at the Asia Pacific Property Awards in association with Bloomberg Television.
The season heralds the arrival of the much needed monsoon rains in Thailand. Traditionally the tourist low season in the Kingdom, summer is also quiet in the property markets. This is the time of year, without much demand around, when motivated sellers pop up; even more so this year! With the green shoots of recovery starting to appear, the country has nevertheless been pre-occupied by the trauma of the Bangkok street protests, events which have prompted more foreign property sellers than buyers it has to be said. All of our offices are reporting an increase in re-sale listings, many of them at 'knock down' prices designed to sell quickly. Some deals are up to 40% below their 2009 prices, making this moment a great one for value, not to be missed. Who was it who said "when there's blood on the streets buy property"?
The tourist and property sectors have bounced back to pre-crash levels with the help of new emerging markets and are being heavily influenced by Australia which is enjoying a new found plethora of travel opportunities. This is thanks to their strong economy and the increased numbers of flights put on by the low-cost carriers between Australian cities and Bali and Thailand where the time and cost of a four-day weekend in paradise is cheaper and easier than taking the 3 lh hour drive down to the Margaret River wine country.
And speaking of Australia, Exotiq is expanding its property brokerage network to the nation's coastal regions. So impressed with the quality of the real estate sector in Australia, Exotiq is looking at opening 15 - 20 offices in Australia's top coastal resort destinations in the next 3-4 years. "It is certainly a very sophisticated country when it comes to property marketing and Exotiq are currently getting fit to offer their exclusive brand to selected operators in destinations like Margaret River, Noosa, Byron Bay, Cairns and other similar locations," says Dominique Gallmann, CEO of Exotiq Properties. "Australia lacks a premium resort-based property brand like Exotiq and we will fit into this niche just perfectly." Big plans indeed are afoot.
So, welcome to exotiq and we hope you enjoy the read.
Editor
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Exotiq Real Estate
As the world's property values continue their downward spiral as a result of the global financial crisis, Southeast Asia's resort markets continue to buck the trend with increasing demand for a piece of the tropical real estate action. In Bali and Indonesia that demand is stronger than ever, while it growing steadily in Thailand as it starts to put its political instability behind it. Indonesian and Thailand real estate are buoyant cash market with very few mortgages and financing options available, which means no risk of foreclosure or unnecessary fire sales. This has created a solid platform that leads to continued appreciation in financial investment.
For a full comprehensive list of the many hundreds of exotiq property listings please visit www.exotiqrealestate.com
