Introduction:
Welcome to the first edition of Investing in Thailand, a brand new publication prepared by Raimon Land's research team. This document provides the latest facts, figures and trends relating to Thailand, so investors are equipped with quantifiable tools to use in their decision making. It is about the country and its future, containing opinions from property industry experts and investors who provide first-hand intelligence and insight that reveals existing, as well as the longer-term potential of the country.
Key Conclusions from the document are as follows:
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Top tourism destination in South East Asia with 14 million+ air arrivals in 2007, and 30% growth YTD.
- Rapid economic expansion with strong fundamentals GDP forecasts 5-5.5% in 2008 despite worldwide economic slow down.
- Booming condominium sector. The sector has grown to be the largest real estate segment in Thailand, with steady price growth in the Bangkok metropolitan area and exponential growth in resort destinations.
- Luxury segment emerged just a few years ago with very little existing supply and has created quite a high demand from local and international investors who see greater value for money compared to other countries in the region.
- Global investment interest with buyers comprised of over 60 nationalities - Raimon Land receives 1,000 enquiries a month, 52% in Bangkok and 48% in resort destinations. This diversity of nationalities and locations to invest in puts Thailand in a position to experience long-term growth in the real estate sector.
- Solid yields and capital gains. Both Thais and foreigners can buy freehold condominiums in Thailand, and leverage their investment throughout the construction period with attractive payment structures. Rental yields have been averaging 6-10% per annum at Raimon Land properties and buyers have enjoyed a significant capital increase.
