By Andrew Batt:
Thailand has been highlighted as “offering excellent opportunities” for emerging market property investments by one UK-based real estate investment consultant.
The kingdom, alongside Brazil and the financially distressed American markets of Detroit, Atlanta and Cleveland, has been noted as “offering real promise” according to Crystal Investment and Real Estate.
Luke Smith, Managing Director at Crystal, said: “Unlike the west side of Thailand which includes well known and fully established tourist resorts such as Phuket and Kao Samui, the east side is currently under developed and offers low property values which will only increase. It is already much easier to travel to Pattaya and tourists are recognising this part of Thailand as a cheaper, less touristy place to travel. The government is also removing the red tape to enable foreign nationals to own property and invest in the area for the first time.”
Andrew Batt, International Group Editor for PropertyGuru, said: “There have been no recent changes to foreign property ownership laws in Thailand however Pattaya can certainly be described as a hotspot for property purchases right now.”
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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