28 December 2006

Thailand markets recover once more

Despite the tough times it has had, Thailand is set to recover from the many challenges set before it. In the wake of the major disasters that have befallen it , property prices are rocketing once more and the stock market has bounced back. Following substantial reconstruction throughout the country and the creation of a wealth of jobs by the recovering businesses, the economy in this once failing land is set to rise once more.

The cutting down on public spending and imports has helped to stabilise the country again and this has helped to improved the investors confidence as property property prices have started to rise and therefore have made Thailand’s property market a much less vulnerable proposition.

So too has the recent announcement that the overseas investor will be exempt from the new Baht regulations imposed by the Bank of Thailand . This means that there is no requirement for any potential Euopean or International investors to deposit funds into the Bank for a period of 12months prior to buying property for investment or otherwise.

The Finance Minister announced on TV last week that the restrictions were seen to be unfair on the overseas investors and has removed the confusion and doubt by publicly confirming that over seas investors will be exempt from the new rules, and that foreigners would be able to trade equities without the restrictions on short term fund inflows.

This is great news for the UK investor and restores this exotic Asian destination to its rightful place amongst the top investment opportunities for 2007.