Welcome to exotiq
Welcome to exotiq
January-March 2012
Welcome to 2012 and another great year of life in the tropics. Here in our latest issue we once again bring you some great editorial and a stunning selection of tropical properties and land plots that we hope will make you stop and think that maybe it’s time to leave the rat race behind and try something new where the mercury never drops below 25 degrees C.
In Thailand there has been an upswing in domestic tourism as residents escape the devastating floods that have inundated Bangkok recently and many are considering second home property away from the capital. The impact of this disaster will be felt on the country’s economic performance for months to come but ironically it has had a positive effect on the property market in Thailand's main resorts. There have also been reports that hilly locations, such as Phuket and Pattaya, could well see a relocation of white-collar business and some government institutions away from Bangkok as experts predict more of the same floods in the future.
This is also the time of year when Thailand's weather is at its best so all of the major airports are flat out with tourists escaping the hardships of the northern winter…and the hardships of failing economies! All of our offices are reporting increased levels of enquires, from Europe in particular, as people seriously explore the feasibility of living in a lower cost / tax destination.
As predicted, 2011 closed on a positive note for Bali real estate with strong demand evident in the US$ 200,000 to 300,000 range for investment properties and around the US$400,000 to $600,000 range for lifestyle buyers. Currently, top rental properties in Bali return around 8% on your investment, which is pretty good in a world with highly volatile stock markets and dwindling trust in sovereign debt! The outlook for 2012 is definitely positive, despite growing worries in the European and the US markets. After all, the economic powerhouses are here in Asia, right at our doorsteps where there is no sign of a crisis. We therefore expect more and more Asian buyers to take interest in Bali properties in the coming years.
The growing number of expats who are seeking to make Bali their new home is driving demand for both family homes and land to build a residence – mostly in Canggu, Sanur and Jimbaran. Responding to this trend, Exotiq has introduced Exotiq Project Services www.exotiqprojectservices.com to cater for those people that want to build in Bali and make sure they get the quality they are used to at home. Call the Seminyak office for further information.
And finally, good news from Lombok, where Exotiq is about to reopen its doors after a longer absence in the market. Watch out for a new office in Kuta soon!
Editor
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Exotiq Property
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.exotiqproperty.com
