Property Professionals Report on Thailand Property Investment
With a reported 13.4 million tourist arrivals from all over the world, property professionals state that Thailand property investment will be entering a demanding market.
The Bank of Thailand has shown that that the tourism sector accounted for 9% of Thailand's gross domestic product (GDP) in 2005, while the number of international tourist arrivals reached 13.4 million in 2006.
Paul Collins, Overseas Property Editor for Buy Association said that Thailand is a country with a great deal of interest for investors, adding that due to the country’s global popularity as a holiday destination, the high demand for rental accommodation makes Thailand property investment a wise choice. The buy-to-let market is especially pro-landlord.
Mr Collins from Buy Association comments, "Thailand's very popular - not just with tourists from Australasia and from south-east Asia as well; it's popular with tourists from around the world. So there are plenty of opportunities to invest and then to rent it out to tourists - particularly if you're buying good properties on the beach resorts then there are really good opportunities to rent out."
Henri Young, Marketing Director of developer Raimon Land, stated that there are several new projects and activities emerging, specifically aimed at the more sophisticated clientele. “More five-star international hotels are looking at Pattaya for sites. The Sheraton having a property in Pattaya is attracting a different sort of clientele…now there is a more diverse ex-pat community.”
Young continued, “The number of boats at Ocean Marina has increased. People are actually mooring their boats there now. It has added to the variety of recreational options. Golf, of course, is one of the prime attractions since there is something like 20 golf courses in Pattaya. The wind compared to other parts of Thailand is more consistent in Pattaya.”
The success of Pattaya’s annual Top of the Gulf International Regatta, sponsored by Raimon Land, Jomtien’s Ocean Marina Yacht Club, and Thai Airways has also affirmed that Pattaya has been placed firmly in the minds of the more affluent tourist further boosting the growth potential of Thailand property investment.
Craig Farley of Ashburton's Asia-Pacific equity team described rising income levels and urbanisation as a "key driver" for Thailand property investment. Asian Property Fund Manager at Henderson Global Investors, Chris Reilly, comments, "Corporate profitability is improving, unemployment is falling, wages are rising, interest rates are low, and there's a willingness to buy into assets. People are getting their money out of saving and into assets; otherwise they're competing with inflation."
For more information on Thailand property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email press@obeliskinternational.com
The Bank of Thailand has shown that that the tourism sector accounted for 9% of Thailand's gross domestic product (GDP) in 2005, while the number of international tourist arrivals reached 13.4 million in 2006.
Paul Collins, Overseas Property Editor for Buy Association said that Thailand is a country with a great deal of interest for investors, adding that due to the country’s global popularity as a holiday destination, the high demand for rental accommodation makes Thailand property investment a wise choice. The buy-to-let market is especially pro-landlord.
Mr Collins from Buy Association comments, "Thailand's very popular - not just with tourists from Australasia and from south-east Asia as well; it's popular with tourists from around the world. So there are plenty of opportunities to invest and then to rent it out to tourists - particularly if you're buying good properties on the beach resorts then there are really good opportunities to rent out."
Henri Young, Marketing Director of developer Raimon Land, stated that there are several new projects and activities emerging, specifically aimed at the more sophisticated clientele. “More five-star international hotels are looking at Pattaya for sites. The Sheraton having a property in Pattaya is attracting a different sort of clientele…now there is a more diverse ex-pat community.”
Young continued, “The number of boats at Ocean Marina has increased. People are actually mooring their boats there now. It has added to the variety of recreational options. Golf, of course, is one of the prime attractions since there is something like 20 golf courses in Pattaya. The wind compared to other parts of Thailand is more consistent in Pattaya.”
The success of Pattaya’s annual Top of the Gulf International Regatta, sponsored by Raimon Land, Jomtien’s Ocean Marina Yacht Club, and Thai Airways has also affirmed that Pattaya has been placed firmly in the minds of the more affluent tourist further boosting the growth potential of Thailand property investment.
Craig Farley of Ashburton's Asia-Pacific equity team described rising income levels and urbanisation as a "key driver" for Thailand property investment. Asian Property Fund Manager at Henderson Global Investors, Chris Reilly, comments, "Corporate profitability is improving, unemployment is falling, wages are rising, interest rates are low, and there's a willingness to buy into assets. People are getting their money out of saving and into assets; otherwise they're competing with inflation."
For more information on Thailand property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email press@obeliskinternational.com
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