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Thailand to provide new services for foreign buyers

Article Date : Tuesday, July 10, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A range of new services are to be made available to foreign buyers in Thailand via a new services centre, designed to offer advice and guidance for overseas property investors in the Thai property market.

Due for launch in October the centre has been formed partly in response to strong growth in Hua Hin's property market, which continues to attract foreign investors.

The centre will offer visitors a link to the relevant government services, spanning a diverse range of issues including commercial and business operations, labour, social welfare and policing.

Sanit Boonkorsakul, the deputy governor of Prachuap Khiri Khan, estimates that the Hua Hin property market has seen somewhere in the region of five billion baht (£79 billion) during the past three years alone, indicative of considerable foreign interest.

"The province has gained interest among businesspeople and investors from both Thailand and overseas," he explained to the Bangkok Post.

"The centre would help them run businesses legally."

Recent reports from RREEF highlight the Asian property sector as the strongest performing in the world, according to IPE Real Estate.
Tags: Bangkok Post, GBP, Hua Hin, Thailand, THB
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