While some were surprised, it’s continuing high ranking of second place in January shows the ‘Land of the Smiles’ is indeed an hot spot for property investment. Thailand was beaten to second place by Egypt which is becoming a hot choice for international property buyers with low prices, considerable upside and good rental returns proving attractive. Add to this recent reforms that have made property purchase much simpler and it is understandable why Egypt has taken home the gold for the January list.
Thailand’s popularity remains strong on the back of a tourist industry seen as world class and offering reasonable prices
However, despite a number of challenges in recent times, Thailand’s popularity remains strong on the back of a tourist industry seen as world class and offering reasonable prices. Dan Johnson, Director of TheMoveChannel.com said, “Price is the common factor across all the top deals from the last month, with all three of the most popular projects coming in at under £30,000.” “It’s also interesting that these are cash deals - with finance increasingly hard to come by, smart investors are buying in projects where there are no mortgages available and where the viability of the project is not going to be affected by the withdrawal of any finance facility,” he added. Extract taken from Property Report Asia on 16th February 2009