Langkawi real estate prices expected to soar in the next decade
Despite the economic downturn in 2014-2015, Langkawi’s real estate sector has proven resilient. The island has seen a significant increase in visitor numbers in recent years. Its properties offer unparalleled capital growth and promise unparalleled yields.
Langkawi is a tropical paradise located on the west coast of Peninsular Malaysia. It boasts unique UNESCO Geopark status, a tax-free environment and majestic limestone formations. It also boasts white sandy beaches, shopping malls and a first-class banking district. Its location also allows it to enjoy temperatures between 26 degrees Celsius and 33 degrees Celsius. It is the perfect gateway to exotic Asian destinations.
Langkawi is a popular destination for international tourists. The largest source markets include China, Saudi Arabia and the United Kingdom. This study forecasts trends in the number of visitors to Langkawi over the next ten years.
The study investigates the relationship between annual GDP growth and the number of tourists arriving in Langkawi. Specifically, the study analyzed the impact of changes in GDP on the number of visitors from the three major source countries.
The results show that GDP changes have a significant impact on the number of visitors from China and Saudi Arabia. However, the impact on the UK is smaller. GDP growth in the UK is less dependent on tourism than in other countries.
The study shows that despite the lower GDP, the number of inbound tourists from Saudi Arabia will not decrease. In addition, the number of visitors from China will increase by 14% in 2021. However, visitor arrivals from the UK are unlikely to increase by more than 6 percent.
The study also found that China’s GDP plays an important role in the number of inbound tourists to Langkawi. This is because Chinese tourists tend to spend more on their holidays. In addition, Saudi Arabia’s GDP plays a significant role in the number of inbound tourists in Langkawi. Furthermore, the study found that the value of home loans in Malaysia has increased by an average of 8% from 2016 to 2020.
The study suggests that Langkawi real estate market is expected to grow significantly in the next decade. It is estimated that the prices of residential properties will increase by 5% to 20% in the coming years.