Thailand is one of the world’s most beautiful countries and widely known as the ‘Land of Smiles’. It is not difficult to see why Thailand is one of the top destinations for expats worldwide – the diverse natural landscapes of the country, cultural heritage, inspiring ancient and modern architecture, world famous cuisine and warmth, and the friendly and hospitable people. It is easy to live a comfortable lifestyle similar to that of the West for a much lower cost of living, and you get to enjoy tropical climate all year round and access to modern comforts and conveniences, including affordable and quality medical care.
Thailand’s comprehensive transportation system means plenty of air, rail and road options to get you from one place to another inside the country. From turquoise seas and white sand beaches, jagged limestone cliffs to beach-rimmed islands, inexpensive domestic routes and more than a dozen of airports take you to almost every spot in the country within a few hours.
This exotic county has always been international investors’ favorite property investment destination, especially those from Hong Kong, China, Singapore, Malaysia, Russia and Australia. Overseas buyers also consider Thailand as one of the best places to retire abroad and an ideal destination to purchase a vacation home. Thailand’s current real estate prices are still comparatively low and the rental yield is very attractive. This can be attributed to the level of economic development of the country and most importantly, Thailand’s regulations radically restrict expats to buying condominiums and its land laws limit foreign ownership of Thai property. Only 49 percent of the total space of a condominium building can be allocated to foreign buyers.
Nevertheless, there are exciting property investment opportunities in popular areas such as Bangkok, Phuket, Pattaya and Chiang Mai, where property prices are growing amid the global economic downturn. Condominiums and holiday properties in these areas are most welcome by tourists and expat business professionals, thus having great rental potential.