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Adventurous investors are looking east for the latest opportunities. Research from the Property Investor Show reveals that nearly 15% of property investors believe that the Far East could present the biggest house price rises in the next few years.
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Examples of typical Thai properties |
Those looking further afield for their next purchase are finding that exotic locations such as Thailand can provide a good investment, with yields as high as 8% for sea facing holiday villas. This year’s Property Investor Show will feature a dedicated Thai Pavilion with over 25 companies specialising in Thai property.
Russell D Russell, director of events for Thailand Homes and Investments and organiser of the specialist area on Thai property at the Show, reports that interest in Thai property has never been so high. "With recovery from the Asian Tsunami well underway Thailand is focussing again on being a very popular exotic holiday destination with the southern resort of Phuket its main attraction," he said.
Russell added, "As Phuket’s tourist market has boomed over the last decade, the property market began to take off too and we now see many visitors interested in owning property in the region. As well as being a luxury holiday home, these properties can provide good rental yields, as high as 8% for a sea view property and 4 to 5% for a home near a golf course."
Phuket is a well-established resort with many five star hotels and the amenities to match. There are plenty of restaurants, shops and golf courses to meet the demand of the tourists, as well as marinas, beaches, waterfalls, jungles and deserted islands. Russell commented: "Phuket has something for everyone, whether it’s shopping, diving, exploring or just relaxing. It also has the advantage of still being affordable and accessible which, combined with its politically and economically stable position and the high quality yet low cost of living in the area, makes it an unmatchable Asian destination."
The property and tourism markets in Phuket are unique in that they attract a mix of nationalities, including Australians, Americans, Japanese and Chinese buyers as well as Britons and other Europeans. This is in part due to the excellent location of Phuket, which is within five-hours flying time of a third of the world’s population, and well connected to Bangkok through excellent domestic flights.
Properties available in Phuket are very mixed, from luxury properties, apartments or villas by the coast to inland properties or properties on golf courses. The architectural style of the properties also varies greatly, from modern designs to traditional Thai constructions.
However some restrictions on property ownership by foreigners means that most Britons looking to buy in Phuket may be limited in their options. As a result, many opt for condominiums at a starting price of around £50,000 for one bedroom up to approximately £135,000 for two bedrooms.
Nick Clark, managing director of the Property Investor Show, said: "The boom in overseas property is spreading further and further afield each year and we are now seeing many investment opportunities in some really exotic locations."
"The low cost but high quality of living in Thailand has pushed the area to one of the top spots for UK tourists and so it is inevitable that this popularity will spread to the property market."
As an example of what is available in the Far East, the images (right) are two Thailand properties available on TheMoveChannel.com’s Overseas Property listings. Full details may be obtained by clicking on the relevant image.
The Property Investor Show, will be held from Friday 23 to Sunday 25 September at the ExCeL centre in London’s Docklands. As well as the Thai Pavilion the show will also feature over 200 other exhibitors specialising in all areas of property investment both in the UK and abroad as well as expert seminars and workshops. For further information visit http://www.propertyinvestor.co.uk
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