Thailand Business Directory

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.

The property market in Thailand is beginning to attract an increasing amount of overseas investors, it has been reported.

According to Overseas Property Professional (OPP), the new year has brought with it a change in fortune for the Asian destination, which has seen dwindling interest from abroad since the boom of 2007.

The growth in market activity has led to one developer deciding to re-launch its luxury resort in an attempt to tempt investors.

Richard Shearer, managing director of Prism Estates, explained that the project, in Phuket, will be supported by an increase in marketing expenditures to drive sales.

"We saw a marked shift in attitude at the turn of 2010 and this has continued with an increased amount of interest over the past few months," he told OPP.

Investors in the region will be pleased to hear that prime real estate in the country managed to resist the global economic crisis well, with Knight Frank's Wealth Report claiming that prices have risen by five per cent over that period.

In addition, the report predicted that 2010 will see further growth of between five and ten per cent.

Last year, ReportBuyer.com claimed that tourism in Thailand would also rise by five per cent year-on-year.