21 February 2007

Thailand continues to draw overseas investors

Despite some of the bad press it has received in recent months, and the major setbacks from the legacy left behind by the Tsunami, Thailand continues to draw the shrewd investors. The resort of Pattaya which is located 147 kilometres southeast of Bangkok, and faces the Gulf of Thailand, is undoubtedly Asias premier beach resort, and caters with equal appeal to the relaxing tropical ambience you would expect from an exotic Asian resort, and is synonymous with every ingredient for a memorable holiday.

Principal International a leading overseas property investment company in the UK say that with prices for studio apartments starting as low as £32,000, serious investors can see huge opportunities in this authentic international beach resort.

Pattaya has much to offer apart from the much talked about golden beaches, it has a wealth of amusement parks, offbeat museums and lush botanical gardens which offer numerous forms of leisure activities and cultural entertainment for all family members. Not only this, Pattaya offers all of the allure and magic of a vibrant nightlife and a spectacular variety of restaurants, night clubs, bars and cocktail lounges.

Its sub tropical climate means that this is a year round resort, opening up huge rental opportunities for the discerning investor. With 49% of the 461 million dollars spent on beachfront apartments last year coming from Pattaya, its no wonder it’s fast becoming one of Asia’s most popular investment locations.

Principal International said that the setbacks from the recently announced foreign investment restrictions on Thailand property purchase has not put off investors and they are still selling apartments in Pattaya and Koh Chang.