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Posted On: 01/07/2009
Thailand Property: Renewed Interest a Good SignOverseas property specialists Azure Overseas have revealed that Thailand property is once again clawing its way back as a popular destination for overseas property investment. Frank Crowley director of the company said:"We have noticed a steady increase in leads coming in for Thailand since mid-January. This is a really good sign for us. Though there are still a few markets that people are keen to invest in and are investing with confidence, -- either because of high rental yields of capital growth coming earlier than the global estimate -- Thailand has not been one of those places. Thailand -- like most places flourishing before the credit-crunch -- was repeatedly reported as suffering badly from it and as such fell victim to the same panic and rigid fear of even slight risk that stopped so many other countries' growth dead in its tracks.
"In the case of Thailand, buying off-plan property stopped almost completely. The fact that people have started looking at off-plan property in Thailand again gives me hope that the panic over the credit-crunch is dying down, as more and more people realise there is still money to be made from off-plan property overseas; if you're prepared to wait a little longer for capital gains."
Azure Overseas has some excellent off-plan investment properties in Thailand. Certainly worthy of consideration as a hot investment opportunity are the off-plan apartments on the exclusive Park Lane in Jomtien Pattaya. Jomtien is a growing chic modern haven, rapidly growing into the Metropolis of tomorrow.
A studio apartment on the development can be bought for just over £18,000, the same price as a studio in Bangkok could 4 years ago. As Pattaya grows into another Asian metropolis, Jomtien is not only likely, but almost certain to see the same rapid property price growth as Bangkok did 3-5 years ago.
The Jomtien apartments are the height of luxury and in a high-class area surrounded by stylish restaurants, cafes, bars, malls and shops. According to the developer the apartments are being sold at 25% below their market value, but irrespective of that the immediate growth potential on these properties would be 20-30%, and the area's growth will be about 15 -20% annually when the recovery's beginning is a memory.
About Azure OverseasAzure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.
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