/24-7PressRelease/ - NOTTINGHAM, UK, May 27, 2008 - This time however the airline is being launched with the backing of massive Indonesian conglomerate Rajawali, and will be able to tap into the massively growing number of tourists to Cambodia.
Visitor numbers to Cambodia grew to 2 million in 2006, 60% of whom flew into the country. And with Cambodia being hailed as the new Thailand, because of its virgin white sandy beaches, and undiscovered tropical locations prompting a further 20% rise in tourism for 2007, it is hoped the new airline will be an added boost to the clearly flourishing Cambodia tourism market.
Liam Bailey head of international research for David Stanley Redfern Ltd gave his view on the possible effect the airline will have on the Cambodia property market:
"New air routes are always good news for property markets, but the new Cambodia airline, and the likely increase in flights it will generate will be of special significance in Cambodia. The massively successful property markets of Malaysia, Thailand, and Thai islands like Koh Samui, have largely been fuelled by tourism, well in Thailand almost completely fuelled by tourism.
"But in Cambodia, property market growth has been largely limited to Phnom Penh, and fuelled by growth in commercial, business, financial and services sectors. The recent massive increases in visitor numbers, which will be helped by the new airline, will spread property market growth to other areas, and new Cambodian property hotspots will be emerging very soon - perfect timing given that the Phnom Penh property market is showing signs of levelling out."
Even though Cambodia property has been among the hottest for the past two years, it seems the surface has barely been scratched on the country's property investment profitability.
Find out more about Cambodia property at http://www.davidstanleyredfern.com/investment-property/cambodia.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
DSR have just branched out into the _a href="http://www.overseaspropertyrentals.com"_Overseas Property Rentals_/a_ industry.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Liam Bailey:Other Press Release Headlines:
