THAILAND > OVERVIEW
Thailand is known as ‘The Land of Smiles,’ it is a country rich in ancient history with an abundance of fascinating ruins, temples and deserted cities. It also has its own distinctive culture, language, cuisine, customs, traditions, beliefs, and approach to life, together with beautiful beaches and incredible mountain vistas. Thailand is a country of golden roofed temples, Buddhist Monks in saffron robes, elephants and busy colourful markets. Meanwhile the vibrant energy of the huge metropolis of Bangkok with its the modern architecture, exciting shops and cultural treasures provides yet another unique experience.
Thailand is an easy country to travel in, with efficient transport, cheap accommodation and a delicious food. The Thais are renowned for their friendliness and hospitality to strangers, and are also a very strong-minded race that have struggled for centuries to preserve their spirit of independence.
The top 10 reasons to invest in Thailand
Thailand is set to be the hottest new area on the lips of property investors. Here’s our top 10 reasons why:
- An exotic long haul destination, Thailand is also a sophisticated tourist destination with a great universal appeal. It boasts breathtaking unspoilt white beaches and a year round tropical climate - an ideal winter retreat.
- The undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are growing quickly and strongly (around 10-15% a year).
- Thailand is the largest growth market in Asia. Some businesses choose Thailand as a regional base from which to keep their employees working all around Asia. Thailand has become one of the Asian economic leaders and is one of the fastest-growing economies in the region.
- The completion of the Suvarnabhumi-Bangkok International Airport (SBIA) is expected to spur growth in commercial property markets in eastern Bangkok as well as make Thailand even more accessible by air. Thailand is one of the cheapest places to fly to in Asia.
- Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand. Property investors who bought post 1999 have witnessed impressive capital growth, particularly in major cities.
- Rental potential is great, due to increased government spending luring growing numbers of tourists.
- No capital gains tax for private investors, and low ongoing taxes.
- An exotic long haul destination, Thailand is also a sophisticated tourist destination with a great universal appeal.
- Retirement visas are available for foreigners over 50 years of age, according to financial means.
- * Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit.
- * Warm weather for 12 months of the year. Ideal winter retreat.
- * The relatively undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are
- Property investors who bought post 1999 have witnessed impressive capital growth, particularly in major cities.
- * Rental potential is great, due to increased government spending luring growing numbers of tourists.
- * No capital gains tax for private investors, and low ongoing taxes.
- * Today, foreigners are regarded by the government as a big investment opportunity in Thailand and they are actively welcomed and encouraged to invest.