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Posted: 07 Mar 2010 | 6:00 am
Traditionally the luxury villa buying season does not coincide with peak tourism season but certainly there is a direct connect with these high flying investors and the financial bonus season. Back of a survey in the UK with nearly 700 banking and financial services executives concluded that bonuses increased on average by 40%.
Its key to note nearly 70% of these received cash versus stock options or other schemes. In a volatile investment climate many punters are now looking at property as a 'safe haven' to park excess cash, while forward horizons have been moved up considerably with longer term views prevailing for many.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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