Thailand Property Investments
The Thai property market is still in its infancy, however, it has been recognised as a market that is moving into a strong development growth period. Certain economic features have resulted in the Thai market having had strong growth.
Last years SARS outbreak resulted in Thailand becoming one of the most preferred destinations among the Chinese and Singaporean residents for both property purchases and long terms stays.
Within a five hour flight time radius of Thailand resides 32% of the world´s population. Low cost airlines are now operating between Thailand and Kuala Lumpar, Singapore, Hong Kong and Perth.
Tourism figures have been on the increase over the last couple of years, with more and more people looking to travel further. It is estimated that in 2020, over 390 million people will visit South Eastern Asia.
The European investor market has seriously begun to look at and enter this market. This is mainly because property prices are so low compared to France or Spain. Many have been cited as saying that the Phuket property market is like Spain 20 years ago.
The opening up of the airline industry has resulted in more competitively priced flights. This has resulted in a whole new opportunity for Thai´s and expatriates who find the ease and cost of commuting much more affordable.
The high level of educational facilities and the availability of International schools have increased the demand for properties in Thailand. For example, recognised as the leading International Baccalaureate School in Asia, Dulwich International College has been a driving force in establishing Phuket as a universal world-class destination of South East Asia.