Thailand property market to benefit from recent political turmoil

The recent political turmoil in Thailand may have resulted in a more favourable climate for foreign property investors looking at the Asian destination.

Property Abroad has claimed that the problems within the country have led to the formation of a low-cost environment which is likely to appeal to savvy buyers.

Now that prices have fallen again due to the financial crisis and the political crisis, Thailand is undoubtedly likely to bring some high yielding property investments over the next four to five years," the website claimed.

"Though, with the political situation as tinder-dry as it is, it will be an investment not for the faint hearted."

Meanwhile, a leading tour operator has recently stated that bookings to the country are beginning to increase following the political troubles.

Hayes and Jarvis explained that many holidaymakers were looking to take advantage of good deals now available in the long-haul market.

In addition, the Tourism Authority of Thailand announced that it would be running a range of promotional strategies to tempt visitors back.

Official figures show that there was a 6.8 per cent decline in visitor numbers in June compared to last year.

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