Property Watch: Thailand at a crossroads in property investment

Property Watch: Thailand at a crossroads in property investment

PHUKET: Thailand is and will remain an attractive property market to invest in. The geography lends itself well to a good quality of life, especially if income to support that lifestyle isn’t an issue. However, it does have neighboring competition and is in the process of assessing its options to revise laws to continue developing its economy. The way in which Thailand chooses to proceed at this current crossroads will have an impact for the next 5-10 years and will shape the volume and quality of foreign investment in property. Amid a backdrop of protests about ‘long leases’ for foreigners in special economic zones, I

Tuesday, May 2, 2017 | 02:00 PM

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Across the Land: Luxury villa rentals picking up in Phuket

Across the Land: Luxury villa rentals picking up in Phuket

PHUKET: This year, the luxury villa rental inquiries are coming in early. By March, agents had already started calling around asking for rental rates over the holiday season of December 2017 to April 2018. Luxury villa rentals over the last two holiday seasons have been somewhat disappointing, with villa owners either not achieving any rentals for their properties at all or conceding a lower rental rate to accommodate the budget of the booking. It was also noted that the length of bookings over the last two holiday seasons, if any, were shorter than previous years. The holiday season also looked quite positive, with inqui

Wednesday, April 26, 2017 | 02:00 PM

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By The Book: Property market trends in the second quarter

By The Book: Property market trends in the second quarter

PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow. There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting strong sales so far this year. During the past high season, rental occupancy on pool villas was very good, with many villas experiencing high occupancy rates, albeit at rental rates which were lower than in peak years. It is true to say that the current market remains challenging, but there a

Friday, April 21, 2017 | 02:30 PM

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By the Book: Buying property in Thailand

By the Book: Buying property in Thailand

PHUKET: Buying property in Thailand is not straight forward, so you will need sound, professional advice which acts in your best interest. It can be a confusing experience due to laws, regulations, the language barrier and the many choices. Real estate brokers in Phuket have the largest selection of property, land and long-term rentals – they have sales teams that are both foreign and Thai and can speak a variety of languages. With a vast array of properties available, it is important to short list to maximize the use of your time and avoid viewing unsuitable properties by narrowing down choices. Brokers act as a liaison

Wednesday, March 22, 2017 | 02:00 PM

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Property Watch: Keeping Phuket property dealings honest

Property Watch: Keeping Phuket property dealings honest

PHUKET: I have written quite a few articles over the years, hopefully in a balanced way, on reservation deposits, property investments and purchases in Phuket, which have always included a word of caution about how practices in Thailand on property deposits can vary significantly from other Asian property investment destinations, such as Hong Kong and Singapore. Certain elements of Phuket’s property community are complicit and intent on damaging a fragile market that requires reputable and ethical business practices to underpin and maintain the investment climate. The reason I felt inclined to write about this issue is th

Thursday, March 2, 2017 | 02:00 PM

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By The Book: Market signals in the new year

By The Book: Market signals in the new year

PHUKET: Last year, Thailand experienced a record number of tourist arrivals – 32.6 million (up 9 per cent year-on-year), generating 1.6 trillion baht in revenue (up 12.6 per cent year-on-year). As we go further into 2017, occupancy rates for rental properties over the high season look good – albeit slightly lower than previous years – especially for pool villas, which seem to be like gold dust right now. In some respects, 2016 was a tremulous year, both in Phuket and abroad. However, many seem to hold a positive view for the year ahead. Thailand, while going through a period of transition, has once again proven itself

Tuesday, February 21, 2017 | 02:00 PM

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