| THAILAND PROPERTY |
PROPERTY TODAYProperty in Thailand is currently being purchased by discerning investors, keen to take advantage of the low prices, particularly now, in times of global economic crisis and temporary political unrest in Thailand, while they sit back and observe the value of their properties increases gradually over time. For a potential purchaser, investment property in Thailand currently offers medium to long-term opportunity to enter a growing property market. Early investment is of utmost importance to achieve the highest returns, while property prices are now at an opportunistic low. Despite temporary uncertainty, Thailand still boasts a thriving and growing tourist industry, boosting the holiday rentals arena and attracting increased foreign investment. Low cost airlines are in competition, forcing down the cost of airfares and increasing accessibility to major tourist locations within Thailand. For homebuyers looking to re-locate, now is also a great time to look at Thailand while living standards are already amongst the best in Asia and property prices are still very low. Thailand’s cost of living is considerably cheaper than other countries in the region and for their money in the current Thai market than almost anywhere else in the world. Investors will need to wait a few years to fully benefit from rental yields and capital appreciation from their Thai real estate, but according to some international property analysts, property in Thailand still offers solid medium to long-term promise, particularly in the residential housing market and the office building sector. - Reported by : Bangkok Post newspaper dated Monday September 21, 2009 - |
