Real Estate & Rental & Lettings News in Thailand from Propertyshowrooms.com

Thai beach resort property revival expected

Wed, 24 Mar 2010 00:00:00 GMT

The Thai beach resort town of Hua Hin is expected to experience a property market revival in the next year, it has been reported.

According to Thai newspaper the Bangkok Post, local broker Engel and Volkers has painted a positive picture for the market thanks to numerous buyers overcoming concerns regarding political instability in the country.

It revealed that although prices will not post big gains this year, an increasing amount of potential investors had been expressing an interest in the area, looking to take advantage of potential rising prices.

Oliver Lutzi, Hua Hin office manager of the brokerage, claimed that the market currently belonged to the buyer, with prices reasonably stable due to the fact that "economic turbulence has only had a marginal impact on property" in the region.

Furthermore, the newspaper also reported that the property market in the Thai city of Pattaya will also experience growth this year.

It stated that a pick up of around five to ten per cent was likely to occur thanks to rising property costs.

Growth predicted in Thai housing market

Tue, 16 Mar 2010 00:00:00 GMT

The property market in the Thai city of Pattaya is expected to post growth of between five and ten per cent this year, according to one firm.

Asian newspaper the Bangkok Post revealed that the region, located on the country's east coast, will begin to pick up again after a disappointing previous year.

Jugkarut Ruangratanakorn, vice president of Ratanakorn Asset Co Ltd, a property company in the city, said that despite political tensions in Thailand the market would benefit from rising property costs.

However, Mr Jugkarut warned that there were still hurdles to overcome if the growth was to be sustained.

Decreasing tourism, oversupply and low confidence among buyers could all have a significant effect on the final outcome of the housing market in the area.

"If property prices rise by 20-25 per cent a year on average for five consecutive years, an exit strategy should be applied. This is a sign to step back. Remember that risk management should be always done."

Potential investors to the area may be interested to know that there is a wealth of tourist attractions in and around the city, ensuring it remains a popular destination for foreign visitors.

Property tax increases 'will not stop demand' in Thailand

Tue, 9 Mar 2010 00:00:00 GMT

Thailand's housing market is unlikely to be affected by the government's decision not to renew its property tax breaks, it has been claimed.

According to a report by Overseas Property Professional (OPP), property developer CB Richard Ellis is confident that the removal of the incentive is not going to affect international sales within the country.

The developer believes that the housing market is now strong enough to stand alone without needing to attract investors.

CB Richard Ellis's executive director for Thailand, James Pitchon, explained to OPP that the incentives did not include projects due to be finished after March 2010.

He continued: "In the Bangkok market, Thai buyers dominate the market and the removal of incentives will have little affect on foreign demand because it is already limited.

"In the resort markets, many projects are sold on a leasehold basis and leasehold sales did not benefit from tax incentives so again we see little impact on foreign demand from the removal of incentives."

Some developers within the country have claimed that the tax rises could result in a reduction in profits.

The International Valuation Standards Council recently introduced new guidelines aimed at making Thailand's property market more transparent.

Thailand attracting an "array" of investors

Thu, 23 Aug 2007 00:00:00 GMT

Thailand is proving popular with a wide variety of buyers looking for different types of property and investment opportunities, according to one expert.

Jason Killingback, sales adviser at David Stanley Redfern, said that although Thai buying laws can be "quite complicated", steps are being taken to make things easier for investors.

While some of the most popular areas to invest in include Bangkok, Koh Samui and Phuket, Mr Killingback suggested that the market is attracting people with different investment strategies and requirements.

"We get people looking for investment, people looking for a holiday home, people looking to use [a property] for a couple of months' work; it's a whole mixture for that sort of market," he remarked.

Figures published by the Tourism Authority of Thailand recently showed that more than 850,000 tourists from the UK visited the country between January and December last year.

Demand for Thai property to grow by 10%

Wed, 27 Jun 2007 00:00:00 GMT

Although the market currently remains "sluggish", one expert has claimed that the Thai property sector is set to see demand increase significantly over the course of this year.

Anupong Aswapokin, president and chief executive officer of Asian Property Development, said that the economic slowdown experienced by the country had a negative impact upon property, TNA reports.

While the market has seen consumers delay their decisions to purchase new homes due to both economic and political uncertainty, Mr Aswapokin told the news agency that investment in the business sector would pick up.

As a result of greater stability, demand for property is set to increase by ten per cent during the course of 2007, he predicted.

Overseas property advice service Amberlamb urges investors to try to "second guess" the Thai tourist market in order to make the most of property investment in the country.

Thai property offering good opportunities

Thu, 7 Jun 2007 00:00:00 GMT

Thailand's uncertain political situation is causing prices to remain low and foreign investors to move in ahead of an expected upsurge in growth next year, it has been advised.

Investment levels could reach GBP230 million if current deals are finalised, Colliers officials have advised.

Joint partnerships with local businesses are also thought to be popular, with a Thai villa rental firm confirming the trend.

"There's a bit of a slow-down this year, because of the recovery of Phuket. The first quarter has been difficult but the rest of the year looks much better. The offerings are increasing but demand is the same. So basically the competition is increasing," commented Samui Villas and Homes head Marc Ribal, according to the Thailand Property Guide.

Meanwhile foreign investment in the country has risen by 18 per cent year-on-year so far in 2007, the state Board of Investment noted earlier this week.

Thailand an 'attractive long-haul investment prospect'

Tue, 3 Apr 2007 00:00:00 GMT

British property investors should seriously consider expanding their horizons and choose a more far-flung destination to enhance their portfolio, an expert has said.

Peter Conradi, editor of the Sunday Times property section, has said that long-haul destinations such as Thailand are particularly attractive because they offer cheap property prices, a long rental season and affordable flight access.

He also asserted that Egypt and Morocco are other long-haul countries places to consider, reports property news blog Nubricks.com.

"Many of these places have very healthy rental markets and so could be worth comparing with short-haul destinations if you are just focussed on the pure rental return," Mr Conradi remarked.

He added: "It does all come down to research and understanding exactly what your potential renters will want and having realistic expectations about the kind of returns that you can make."

According to Property Frontiers, foreign buyers are increasingly looking to the likes of Thailand, which is dependant on the Chinese economy, but is not as restricted when it comes to foreign investment.

Thailand Property Still Buoyant

Tue, 3 Oct 2006 00:00:00 GMT

Despite last month's coup in Thailand, many investment analysts, amongst them Colliers CRE, are confirming there has not been a fall in property demand in Thailand. In fact the property market still looks sound, and the Thai interim government is intent on keeping the property sector buoyant.

Fund managers are reinforcing general views of economic stability, good exports and the fact that the coup was merely a result of short-term volatility. Banluesak Pussarangsri, director of Bangkok Bank’s Macro-economy Analysis Centre, draws attention to the fact that the currency and economy have actually stood up well in the face of recent events and states the Thai economy is expected to continue growth at approx. 4.5% this year. Meanwhile, many shrewd property investors are using the aftermath as an opportunity to buy in at better prices.

Thailand's new Suvarnabhumi Airport is preparing to open soon and it is expected this will transform Pattaya and its surroundings into a family resort area. Developers are buying up land to build quality hotels and shopping malls etc. and it is believed Pattaya will transform over the next five to 10 years. Other hotspots are currently in areas near the airport at Hua Hin, and Phuket, where tourism remains strong and well able to keep the property sector buoyant.