Thailand has long been a country that entices visitors with its sun-kissed beaches, world-loved cuisine and welcoming locals. However, while it may be a known tourist hotspot, Thailand is also a favourite amongst global property buyers. In fact, Thailand ranks as the most popular Asian market in which to invest in property as a foreigner.
In the past, the majority of foreign buyers in Thailand came from Europe, but Chinese buyers have taken over as the country’s top investors in recent years. This shift is reflected in China’s leading international real estate portal, which lists Thailand as its most popular destination, surpassing the likes of the USA and Australia.
We explore why Thailand is so popular amongst foreign buyers.
A Stable Economy
Despite many global changes, Thailand’s economy has managed to stay stable with a growth rate of 2.6% last year. This has been helped by exports and tourism in the region. The Thai government has also made an effort to prioritise investment in industries that attract foreign funds.
Thailand’s economic freedom is rated 16th out of 39 countries in the Asia Pacific area, surpassing both global and regional averages. This suggests that the country is not only growth-oriented but also boasts a stable economy.
Affordable Prices and Cost of Living
While Thailand may have slightly higher property prices than some of its Asian neighbours, it’s still possible to invest in property at an incredibly affordable entry price. Coupled with the other benefits of the region, Thailand is a popular option for overseas investors.
The country is known for its affordable living, which makes it an attractive destination for retirees, digital nomads, and budget travellers. The low cost of living in Thailand is one of the main reasons why it’s popular among expats. It’s possible to live comfortably on a low budget, even in major cities like Bangkok and Chiang Mai. In general, the cost of living in Thailand is significantly lower than in many Western countries, including the United States and Europe.
Tourism and Rental Income
Thailand is one of the most popular tourist destinations in the world, with millions of visitors each year. One option for investors is to purchase property in areas that are popular with tourists and rent it out to holidaymakers. Properties such as apartments, villas, and houses are all in demand in tourist hotspots and can provide a steady stream of rental income for owners.
In addition, in other areas, long-term tenants who choose to make Thailand their home will offer a stable rental income. The growth potential in the country also offers long-term capital gains.
Infrastructure and Connectivity
Thailand has developed infrastructure with modern airports, highways, and public transport systems (which can be lacking in other Asian countries).
Bangkok, the country’s capital, acts as a hub for international flights, ensuring ease of travel for foreigners. All of these features make Thailand a truly connected and well-positioned place to explore and do business.
Thanks to its evergreen popularity with tourists and opportunity for growth, it’s easy to see why Thailand remains the most popular Asian market for overseas investors.
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