Thailand investment potential for overseas property buyers
are enormous. Expanding tourism, easy accessibility and low
property prices make for an investors paradise.
Thai culture has always been greatly influenced by China
and India giving an exotic blend for which The Kingdom of
Thailand has become famous. Buyers in Thailand tend to be
mostly investors who are looking to cash in on the booming
tourist industry however with increasing demand this is set
to change
Overseas investors will be pleased that Bangkok recently
opened a new airport, Suvarnabhumi Airport (BKK), often
called New Bangkok International Airport, which is 25
kilometers east of downtown. This facility has flights from
all over the world on most major airlines. The old
international airport, Don Muang (DMK), is open for limited
domestic flights.
The Bangkok real estate market is one of the best for
international investors who are interested in the Asian
market. Research shows that the property market here is
much more affordable than other south Asian cities such as
Hong Kong and Singapore. Bangkok has a very nice climate
year round and is also close to many recreational
activities, such as beaches and tropical resorts.
Because of low labour costs and relatively inexpensive
housing, many multinational corporations have made Bangkok
one of their overseas homes. This has, in turn, drawn a lot
of international businessmen and expatriates to the city
looking for high quality housing at reasonable prices.
There continues to be a healthy demand for property,
meaning that investments should continue to rise in value
for the foreseeable future.
The city is one of contrasts, with its fast growing urban
skyline and many old temples and historical sights. It is
also growing increasingly cosmopolitan with high end
shopping, entertainment and fine dining. Because of
Thailand's strict foreign ownership laws, apartments and
condominiums are the option of choice for most
international property seekers in Bangkok.
The new property available in Bangkok is attractive to in
the middle and upper-middle income buyers. These properties
are typically one and two bedroom units ranging in size
between 45 square meters to 80 square meters. Moving up
towards the high-end market, new additions were seen in the
Sathorn, Silom and Sukhumvit areas, with the majority of
condo units offered being two and three bedrooms from 90
square meters to 190 square meters.
My other tip for the top in Thailand is the city of Pattaya
which is to be found on the east coast of Tourism in this
area appears to be increasing year on year. According to
the Tourism Authority of Thailand 5.8 million people
visited Pattaya in 2006. The combination of its big, wide
beaches, water sports, interesting attractions,
sightseeing, shopping, makes Pattaya's a great place to buy
property in Thailand.
In summary Thailand offers a host of opportunities for the
international real estate investor
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Buying property in Thailand needs advice and research
author Nicholas Marr has done this working with numerous
real estate agents around the world including agents in
Thailand means that his articles are informative and up to
date
http://thailand.homesgofast.com/
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