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'Thailand proving a hit with investors'

Article Date : Monday, March 12, 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

Thailand is continuing to attract "shrewd investors", despite the havoc of the tsunami in December 2004, a property firm has said.

In particular, the resort of Pattaya, southeast of Bangkok, is drawing in foreign buyers, because of its reputation as Asia's premier all-year-round beach resort, according to Principal International.

Its sub-tropical climate and the popularity of its beaches, amusement parks, museums and botanical gardens means that Pattaya is attracting a growing number of travellers, who all need somewhere to stay.

Pattaya "caters with equal appeal to the relaxing tropical ambience you would expect from an exotic Asian resort, and is synonymous with every ingredient for a memorable holiday", the firm stated.

It added: "With 49 per cent of the $461 million (£238 million) spent on beachfront apartments last year coming from Pattaya, it's no wonder it's fast becoming one of Asia's most popular investment locations."

According to consultancy firm Globalysis, Thailand is set to enjoy eight per cent year-over-year growth in international visitor arrivals this year.
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