50% Increase of Russians Rushing to Malaysia

(PRWEB) May 23, 2008

The growth in Russian tourist arrivals has been steady since the beginning of 2008 with 7.8% growth recorded in Jan 08 (compared to Jan 07), 32.6% in Feb 08 (compared to Feb 07) and 50.8% in Mar 08 (compared to Mar 07).

In total over 1.7 million tourists visited the Southeast Asian country in April 2008 and a 0.8% increase for the period Jan – Apr 08 was recorded compared to the same period last year. Overall Singapore remained the biggest tourist generating market for Malaysia with 867,067 Singaporean nationals visiting the country in April 08; the UK came in at 9th place with 31,952 visitors, 24.5% growth compared to April 07.

These increases in arrivals certainly confirm Malaysia’s worldwide appeal as a top tourism destination and is increasing the amount of people purchasing property in Malaysia. The soaring Malaysian property market is fuelled by ongoing economic growth; a naturally-growing population averaging 1.8% long-term; increasing migration from country to city; the growth of the state-sponsored pension fund; expansion of economic activity by nearby Singapore; and the 10-year-old “Malaysia- My Second Home” programme.

Steve Worboys, MD of Malaysia property agent Experience International, comments, “The increase in tourist arrivals both overall and in the Russian sector spells good news for the Malaysian economy.

We are seeing more and more people visiting this beautiful nation on holiday, falling in love with the people, the culture and the investment opportunities available and taking advantage of the Malaysia My Second Home Programme to purchase a property in Malaysia. The coastal region of Sepang in particular is receiving great interest. Here buyers can purchase a 1 bedroom apartment from just

50% Increase of Russians Rushing to Malaysia