Estate agents always get excited when a budget airline starts adding new destinations to its route map. Cheap flights have done much to boost property markets in touristy parts, like Spain's Mediterranean coast, because many holidaymakers decide they like a particular resort so much they want to buy a home there. Those low, low fares make regular trips to their beachside condo or country cottage so very practical.
Traditionally, the budget airline effect has been within continents, but estate agents reckon Air Asia X's new £200 London to Kuala Lumpur flights will draw British property investors to Malaysia's second homes market.
According to Asset Property Brokers, which is marketing holiday homes, “The launch of this new airline service will add a further boost to Malaysia’s booming tourist industry, driving up occupancy rates and yields of well located and managed hotel property projects.”
No doubt, plenty of hard-pressed, British estate agents hope the Malaysians may return the favour by hopping over their way to buy up hard-to-sell properties.
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