Thursday 23 November 2017

Political disturbances in Bangkok open investment opportunities in Thailand's resorts

Although property prices throughout Thailand generally remain firm, uncertainty surrounding recent elections has caused the Thai Baht to plummet by 15% against major currencies.

Political disturbances in Bangkok open investment opportunities in Thailand's resorts

Tourist arrivals in Thai resort areas this high season have remained strong inspite of political disturbances in Bangkok. Photo: Sansiri

February 18, 2014

However, history has shown that once the situation returns to normal, the Thai Baht recovers and property prices resume their steady upward trend.

Most property analysts in Thailand don't expect this time to be any different and savvy investors are seizing the opportunity to snap-up property bargains.

What is different this time, is that far more resort investment property is available as in the past two years Bangkok's largest developers such as Sansiri and Supalai have moved-in to resort markets including Pattaya and Phuket where they were previously not active.

This confidence has attracted new investors keen to benefit from higher returns from holiday lettings, good capital growth prospects, and an opportunity to use their holiday home themselves.

A report from local real estate agency, Richmont’s, said that some large Thai developers had also forged relationships with banks able to grant mortgages to qualified foreign buyers, with up to 70% bank financing available for some developments.

“All this makes even more sense”, said the report, “when you consider annual returns on investment of 7-9% are possible, and some developers have excellent holiday rental programmes in place to attract investors and help maximise returns.”

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