23 August 2008

Investors are returning to Thailand

The coup in Thailand and the recent declaration of martial law in 2006 has undoubtably affected investors confidence in the property market, says Sarah Heywood of Principal International, one of the UK’s leading overseas property investment experts, however, there are strong signs that the buyers are returning.

According to Principal International, some of the local property agents are investing huge amounts of time and effort in order to entice British buyers in particular, in an effort to show that the property market, especially in the up and coming holiday resorts, will not be ignored and that property in Thailand is still a good investment.

Evidence is available to show that despite the political and economical unrest which has been well documented, the property market is definitely picking up again and sales of luxury apartments and villas are increasing. Principal International say that for investors the good news is that prices are stable so it’s definitely a buyers market and still excellent value for money. Thailand is still appealing to the vast tourist industry, and with numbers of visitors in the millions it still shows that the holidaymakers have not been put off by the recent events and therefore it follws that there are still opportunities to buy investment accomodation.

We can offer studio apartments in Pattaya from as little as £32,000 and one bedroom apartments from £45,000.

The economic growth in Thailand is expected to be 4.6% in 2008 which is slightly higher than originally forecast, and with the planned elections in December of this year, the economic stability of the country will no doubt return giving investors renewed confidence.