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.