The Malaysian property market's appeal to British buyers has been boosted by the launch of a new budget airline service.
Against a backdrop of depressing credit crunch business news, Air Asia X has started a new service offering flights five times a week from Stansted to the Malaysian capital, Kuala Lumpur. The company has already sold 50,000 tickets priced between £149 and £199 one way, compared to typical prices of £300 charged by other airlines.
John Scott, director of Southeast Asian property specialist, Asset Property Brokers, said: "This is good news for those thinking about investing in property or seeking a holiday home in Malaysia.
"Although property price rises have slowed in line with the global downturn, Malaysia's property market has been more robust than most.
"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."
A record 22 million people visited the country in 2008, an increase of five percent compared with the previous year, making it Southeast Asia's top tourist destination. Thailand, its nearest competitor, attracted over a third less visitors at 14 million.
Asset Property Brokers has available villas at Golden Palm Tree Resort, an iconic luxury hotel development forming the shape of a palm tree that will stretch out almost a mile into the Straits of Malacca, near Kuala Lumpur.
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