Second Home Thailand,Thai Real Estate

Koh Samui, Thailand continues to yield interesting options for would be property investors. With the majority of Thailand real estate being purchased with cash, as bank finance being almost impossible to obtain, the underlying valuation of property and land is being maintained, although due to most investors being foreign investors with a portfolio of assets, there are now some nice prospects for those with investment capital who are ready to consider increasing their property portfolio.

For the medium term this Island and top 10 holiday destination continues to be a favorite investment centre for major branded hotels and spa resorts. Conrad Hotel and the recently opened Ibis are amongst several being built as this tropical Island continues to grow in popularity. There are also several luxury villa resorts being planned by major property companies, seeing a bright future in the luxury destination market. Popular destinations such as Chaweng, Cheong Mon and Bophut continue to attract vacationers from around the globe, despite the recent political troubles in Thailand.

The current world financial crisis in late 2008 has gives property buyers opportunities as several sellers are forced to reduce price to make a sale in these difficult conditions. There are several options available, both new off-plan and resale properties that now are providing buyers with significant cost advantages. The market now coming up to the high season is quite flat, with bargain properties appearing as sellers discount in order to stimulate interest.

We are seeing discounts by as much as 40% off some resale units where the owner is seeking to quickly release the cash in a property. One specific example of this is a four bedroom newly completed villa in Bang Makham, originally for sale for 25mThai Baht (715k US$), this has been discounted for quick sale at a little over 15m Thai Baht (429k US$).

Developers are realizing that to maintain and promote sales they must offer special discounted prices to offset the strong advances of the Thai Baht against a host of currencies (example: The GBP has fallen from 63 to 51 Thai Baht since September 2008, a drop of almost 20%). Developers and creative marketers are also promoting by adding in some creative financing plans, including sometimes extended payment terms over 3 years. Others are giving longer terms of up to 10 year private finance deals with down payments of 40% - 50% of the full purchase price.

Examples of one specific special promotions is new pricing being introduced by Samui Emerald Condominium at Plai Laem, Koh Samui, where they are actively promoting their first class product through sale of leasehold units, a 44sqm fully furnished unit can be bought for a little over 50,000 GBP (2,640,000 Thai Baht) at the time of writing this article. The foreign buyer in this case would need to set up a Thai company, in order to purchase one of these special units.

Take a look at Koh Samui, Thailand, whilst the market has some interesting opportunities available for the savy investor.

By: John Smalls

Seeking Thailand » Koh Samui, Thailand Plane Skidded Off Runway …

plane4 Koh Samui, Thailand Plane Skidded Off Runway Killing Pilot Injuring 41 Passengers, Israelis Koh Samui, Thailand A pilot was killed and 41 passengers were injured, seven critically, when a commercial aircraft skidded off.

Koh Samui Thailand, The Best Holiday Destination | YIGYIG Thailand

Koh Samui is the third largest island positioned in the Gulf of Thailand. It is one of the most beautiful and most peaceful islands. This exceptionally beautiful island of Samui is located in the heart of Thailand.  

Thailand’s Koh Samui airport to reopen today following crash

Bangkok Airways plans to reopen Koh Samui airport at 13:00 today and has confirmed that th fef e captain involved in yesterday’s ATR crash died.

Koh Samui, Thailand – Plane Skidded Off Runway Killing Pilot …

Koh Samui, Thailand – A pilot was killed and 41 passengers were injured, seven critically, when a commercial aircraft skidded off a runway and crashed into the air traffic control tower at the airport on the popular resort island 

Thailand’s Koh Samui airport reopens following crash

Bangkok Airways has resumed operations at Koh Samui airport, the scene of yesterday’s fatal crash of an ATR 72. The first flight today departed from…   

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Investing in Property in Thailand

When it comes to property investment, the world really is your oyster. You can look to buy property in your home country or look at some exciting markets overseas. For UK and European investors Thailand is definitely an exotic long haul destination that attracts holiday makers and business enterprise alike. Haven’t been there my self earlier this year, I can definitely recommend Thailand as a holiday destination that should be top of anyone’s "places to visit" list.

What about buying property in Thailand, known as the "land of smiles". Here are some of the reasons why investing in property in Thailand is a good idea.

Thailand is already established as a sophisticated and extremely popular tourist destination that appeals to people around the whole world.
Retirement visas are available for foreigners over 50 years of age, according to financial means.

Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit.

The climate in Thailand is fantastic. The country is blessed with warm weather for the whole year. Because of this, Thailand makes an ideal winter retreat.

The relatively undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are growing consistently and strongly (around 10-15% a year). This consistent growth makes Thailand property a safer investment over some of the more rapid growth property markets that can be exposed to a boom and bust cycle.

It is the fastest growing market in Asia. Companies are choosing Thailand as their regional base in Asia.

Thailand attracts significant foreign investment, helping it to become one of the Asian economic leaders.

The new Bangkok International Airport (SBIA) is expected to further growth in the property markets and in particular the commercial property markets in eastern Bangkok. Of all the countries in South East Asia Thailand is one of the cheapest places to fly to. Thailand has strong business links with China and has an excellent infrastructure. Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand. Rental potential is great, due to increased government spending luring growing numbers of tourists.

And finally there is no capital gains tax for private investors, and very low taxes.
Today, foreigners are actively welcomed and encouraged to invest.

Author: P E Hopkins

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Why Invest in Thailand?

Mysterious Thailand is Asia’s top tourist destination, offering a top class tourist industry at very affordable prices, a magnet for visitors, emigrators and property investors alike. In many major locations in Thailand, the local economy relies heavily on tourism and increased property investment in these locations is now the perfect news for domestic economic growth and good capital returns.

Natural and Cultural Factors

1. Once an exotic and expensive long haul destination, Thailand is now also a sophisticated tourist destination with a universal appeal, with holidays very competitively priced.

2. For thousands of people who have worked in Asia for many years, Thailand is a very attractive retirement destination, in which the living environment will feel familiar.

3. Retirement visas are available for foreigners over 50 years of age.

4. Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit.

5. Thailand offers beautiful mountains, dense forests and stunning beaches, a tropical climate and cities teeming with culture and colour which draw visitors back each year.

6. Warm weather for winter holidaymakers. Peak season is between November and February.

Economic Factors

1. The relatively undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are growing quickly and strongly (around 10-15% a year).

2. Thailand is the largest growth market in Asia. Some businesses choose Thailand as a regional base from which to keep their employees working all around Asia.

3. Thailand has recently attracted significant foreign investment. It has become one of the Asian economic leaders and is one of the fastest-growing economies in the region.

4. The completion of the Suvarnabhumi-Bangkok International Airport (SBIA) is expected to spur growth in commercial property markets in eastern Bangkok as well as make Thailand even more accessible by air. Thailand is one of the cheapest places to fly to in Asia.

5. The country has strong business links with China and has an excellent infrastructure as well as world-class facilities in many resort towns.

6. Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand. Property investors who bought post 1999 have witnessed impressive capital growth, particularly in major cities.

7. Rental potential is great, due to increased government spending luring growing numbers of tourists.

8. No capital gains tax for private investors, and low ongoing taxes.

9. Today foreigners are regarded by the government as a big investment opportunity in Thailand.

Summary

Thailand remains less exploited in the property investment sector than many other areas and for this reason prices are far below those in more established European markets. However in many areas, prices are moving upwards at a rate of approximately 10-15% per annum.

There are undoubtedly some very attractive investment options to be found in certain locations of Thailand and, according to world experts, Thailand’s economy is undergoing a steady growth spurt. While improvements to Thai property investment provisions continue, a symbiosis with the tourist economy and people seeking a second home in the real estate economy, will allow mutual growth at unprecedented levels.

Author: Stephen Fielding

Thailand

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