The Thailand economy got off to a scintillating start, with 1st quarter growth up six percent on the same period last year, and up 5.7% on the last quarter of 2007. After two years of political turmoil culminating in a coup last year, it seems the new government is finally settling in, and has made economic growth its top priority. The main course of its efforts are centred on generating internal and regional investment, with global investment currently slowing. About DSR Asset Management Ltd DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds. Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property FootPrints SEO is search engine marketing and online marketing agency based in the UK.
In March the finance ministry said government efforts would push private investment up to 9.7% from 0.5% last year, and that private consumption should grow to 4% this year from 1.4% last year. The finance ministry predicted six percent growth in the 1st quarter of 2008 and its predictions were right on the money, but for those who need a little more convincing the Institute of International Finance (IIF) said growth would accelerate in Thailand this year, as growing exports to non-U.S. countries off-set falling demand from the States.
The IIF predicted Thai GDP growth would expand to 6% from 4.8% last year. The IIF also said that rising inflation caused by the rising cost of basic materials was the biggest challenge facing Asian economies, but in a refreshing statement it said that the problem would subside shortly and that worry over the problem had been greatly exaggerated.
The two reports are good news for investors who are looking to Asia, as it is seen as having the best chance of weathering the global storm, a sentiment again backed up by the IIF; "The leading emerging markets in Asia are well-positioned to weather uncertain and less favourable global conditions," were its exact words. Liam Bailey head of international research had this to say:
"Continued growth in Asia is excellent news for property investment in Thailand, especially in the emerging markets of Thailand's islands of Koh Samui and Koh Phangan, where growth is primarily fuelled by spiralling regional tourism. Property prices in Koh Samui, an island with more five and six star resorts than any other in the world, grew by 50% per year, in 2006 and 2007. Continuing growth in Asia will see tourism growth continue and capital appreciation stay at similar figures. Koh Phangan is the new kid on the block, and luxury resort property there is just as hot for investment, growth figures are unclear as it is a really new market, but with Phuket and Samui as comparisons growth will not be any less than 25% per year, and could hit 50% in 2010."
View David Stanley Redfern Ltd's Thailand property, mostly in Koh Samui and Koh Phangan.
Find out more about property Thailand and buying property in Thailand.
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Showing posts with label buying property in thailand. Show all posts
Showing posts with label buying property in thailand. Show all posts
Thailand Property Investment: The Future is Bright
The Two Faces of Thailand's Property Market
Liam Bailey takes a look at Thailand's property investment market.
Potential investors who are currently considering an overseas property purchase in Asia, will probably have Thailand on their short-list at the outset, but upon looking into it will find that property investment in Thailand is currently a two sided coin:
On the one hand Bangkok has recently been listed among the top twenty tourism destinations in the world, which should make a property investment there a good one. Dig a little deeper however and you find that capital appreciation, -- previously strong in Thailand -- along with all factors to be considered before investing, have been detrimentally affected by the recent political turmoil, namely the September 2006 coup.
Never the less Thailand is still among the best Asian countries for foreigners to invest in, there is no inheritance tax or gift tax, capital gains tax is charged like income tax at the standard rate, and foreigners can own condominiums freehold. There are other ways for foreigners to buy in Thailand but a condominium purchase is the easiest. And even with the political turmoil as it is rental yields are still around the 8% mark in top tourist destination, Bangkok.
Another rising star in Asia's tourism industry is the Thai island of Koh Samui,which has been largely unaffected by turmoil on the mainland, and where potential investors will find mostly resort property.
As tourism expands on the island, and it begins to attract more of the high end market, as oppose to primarily back-packers, these resort villa properties can fetch yields of 10-12% quite easily, and capital appreciation is conservatively estimated at around the 15%-20% mark.
Total transaction costs are a moderate 10% - 12.3% in Thailand, but there is a little complication over the computation of buying costs; specific business tax and stamp duty are paid on whatever is higher, declared or assessed value -- both parties must have their own solicitor.
Overall a Thailand property investment can be a very rewarding endeavour, especially if you are purchasing a holiday home with a view to renting it out when not in use.
Liam Bailey is media relations executive with David Stanley Redfern Ltd. He runs the blogs: Emigration Now and Emerging Markets.
Find out more about property Thailand and buying property in Thailand.
Potential investors who are currently considering an overseas property purchase in Asia, will probably have Thailand on their short-list at the outset, but upon looking into it will find that property investment in Thailand is currently a two sided coin:
On the one hand Bangkok has recently been listed among the top twenty tourism destinations in the world, which should make a property investment there a good one. Dig a little deeper however and you find that capital appreciation, -- previously strong in Thailand -- along with all factors to be considered before investing, have been detrimentally affected by the recent political turmoil, namely the September 2006 coup.
Never the less Thailand is still among the best Asian countries for foreigners to invest in, there is no inheritance tax or gift tax, capital gains tax is charged like income tax at the standard rate, and foreigners can own condominiums freehold. There are other ways for foreigners to buy in Thailand but a condominium purchase is the easiest. And even with the political turmoil as it is rental yields are still around the 8% mark in top tourist destination, Bangkok.
Another rising star in Asia's tourism industry is the Thai island of Koh Samui,which has been largely unaffected by turmoil on the mainland, and where potential investors will find mostly resort property.
As tourism expands on the island, and it begins to attract more of the high end market, as oppose to primarily back-packers, these resort villa properties can fetch yields of 10-12% quite easily, and capital appreciation is conservatively estimated at around the 15%-20% mark.
Total transaction costs are a moderate 10% - 12.3% in Thailand, but there is a little complication over the computation of buying costs; specific business tax and stamp duty are paid on whatever is higher, declared or assessed value -- both parties must have their own solicitor.
Overall a Thailand property investment can be a very rewarding endeavour, especially if you are purchasing a holiday home with a view to renting it out when not in use.
Liam Bailey is media relations executive with David Stanley Redfern Ltd. He runs the blogs: Emigration Now and Emerging Markets.
Find out more about property Thailand and buying property in Thailand.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
Tempting Thai investment opportunity tantalises investors
Overseas property development specialists David Stanley Redfern Ltd have set their sights on the sensational South East Asian country of Thailand, adding these £100,000 villas to their portfolio. It surely comes as no surprise to learn that a tropical island abundant with beautiful sun baked beaches and surrounded by panoramic views of the surrounding blue serenity of the sea and sky is highly sought after. What might surprise you is that for £100,000, your very own investment home amidst Maenam Hills, an exclusive boutique development of just 10 generous terrace and balcony featuring villas can be yours.David Stanley Redfern now offer investors the chance to buy a Thai 2 bedroom property over 48 months with 50% interest-free finance available. Along with an equally enticing 2 year guarantee of a minimum 6% return in an area that enjoys an astonishing 80% annual occupancy -- Thailand’s third largest island, the widely revered and highly fashionable Koh Samui.
These incredibly affordable Thai villas are incomparable for value, quality and style. Their modern and meticulous interiors are sharply designed to allow full appreciation of their glorious fully fitted living space, as are the private gardens amidst which they’re situated. With the availability of optional (at extra cost) furniture packages that allow for immediate rental, full utilities and personal drive and parking provision, there’s everything you could hope for and more.
More meaning and mainly pertaining to the alluring palm tree lined pool, close proximity to the local golf and country club that’s famous for its luxurious spa and Maenam village, a Thai cuisine centre point for Thai food lovers all across Asia.
Thailand just so happens to be Asia’s biggest tourist attraction and so it’s somewhat reassuring to know that Samui is regularly serviced with flights from Hong Kong, Kuala Lumpur, Singapore and more frequently from Bangkok, the capital city, making these undeniably attractive properties simply perfect for investment makers and holiday takers alike. To avoid the inevitable disappointment that will follow the failure to procure one of these villas, contact David Stanley Redfern Ltd immediately and discuss all the varying beneficial aspects of this opportunity.
Find out more about property Thailand and buying property in Thailand.
These incredibly affordable Thai villas are incomparable for value, quality and style. Their modern and meticulous interiors are sharply designed to allow full appreciation of their glorious fully fitted living space, as are the private gardens amidst which they’re situated. With the availability of optional (at extra cost) furniture packages that allow for immediate rental, full utilities and personal drive and parking provision, there’s everything you could hope for and more.
More meaning and mainly pertaining to the alluring palm tree lined pool, close proximity to the local golf and country club that’s famous for its luxurious spa and Maenam village, a Thai cuisine centre point for Thai food lovers all across Asia.
Thailand just so happens to be Asia’s biggest tourist attraction and so it’s somewhat reassuring to know that Samui is regularly serviced with flights from Hong Kong, Kuala Lumpur, Singapore and more frequently from Bangkok, the capital city, making these undeniably attractive properties simply perfect for investment makers and holiday takers alike. To avoid the inevitable disappointment that will follow the failure to procure one of these villas, contact David Stanley Redfern Ltd immediately and discuss all the varying beneficial aspects of this opportunity.
Find out more about property Thailand and buying property in Thailand.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com
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