Thailand Investment: Economy
A necessary consideration for your Thailand buy is the country's economic performance as this reflects directly on the prospects for Thailand property investment. Thailand's latest economic track record shows solid growth with recent annual GDP of between 4% and 5%.
Thailand encourages foreign investment and the Thai export market is strong. Inflation - a principal consideration when planning property investment in Thailand - is decreasing and consistently within Thai government targets. Recent democratic elections in Thailand augur well for further economic progress.
Thailand Investment: Tourist Industry
Investors in Thailand land and property also need to look at the tourist industry since high tourism creates the demand for buy-to-let accommodation - Thailand properties have shown particularly good returns in this area. The number of visitors to Thailand has doubled over the last decade and Thailand's authorities predict that figures for 2008 will show a 10% increase on 2007. Pattaya, where the number of tourists has grown 10% a year since 2002, is Thailand's premium tourist spot and Pattaya properties have seen high yields. Thailand's abundance of high-end leisure activities is an additional advantage for property investment in Thailand.
Thailand Investment: Property Potential
The Thailand real estate market has recently performed well. For those considering a Thailand buy, it is worth noting that Thailand properties cost around one third of those in other property hotspots. Demand for a Thailand home is currently high in a number of sectors such as tourists looking for short-term holiday accommodation, for example, off-plan Thailand construction in one of the many beach resorts; Asian-based expatriates in search of a second home - buying in Thailand is their preferred choice; and the emerging Asian middle-class in search of Thailand properties in resorts and cities such as Bangkok and Pattaya. With such demand, Thailand property investment shows great promise.
