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Property Investor information: Thailand

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Property Investor information for: Thailand

Exotic, vibrant, tropical, and welcoming - Thailand has it all. From the bustling metropolis of Bangkok to the party islands of Ko Samui and Phuket, Thailand has many attributes to inspire visitors and draw them back again and again.

Thailand is by far the most popular holiday destination for Westerners in South East Asia. Its popularity is such that is now sometimes know as the ' Spain of the East'. Gone are the days when this friendly nation was the preserve of backpackers. Thailand is firmly on the package tour map.

Thailand 's popularity with tourists has led to the development of a strong holiday home market, particularly in Phuket. Many properties are also owned by people from other parts of Asia as either second homes or investment properties. As recovery from the 1997 financial crisis has continued, these individuals have been joined by an increasing numbers of Western property investors looking to make strong returns from a second home in this tropical paradise.

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The most popular properties tend to be private villas or condominiums on purpose built developments. Resort areas such as Phuket, Ko Samui, Hua Hin, and Pattaya are seeing many such developments either released into the market, or in the pipeline. Interesting opportunities also exist in Bangkok and other major cities such as Chang Mai. Here serviced apartments are popular as both second homes and rental premises.

Currently there are restrictions on foreigners owning freehold property, hence the popularity of leasehold apartments. However, this is expected to change in the near future, providing a further boost to this already buoyant market.

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