Developers Aim Rich Foreign Investments For Beach Villa In Thailand
Regardless if you are planning to take a vacation at a beach villa in Thailand or in some fancy hotel elsewhere, it’s important that you plan your vacation properly because vacation can be really expensive especially if you’re planning a vacation abroad. The good news for beach lovers, there is a growing number of beach villa in Thailand which you can choose from that will give you a relaxing vacation experience like a star. Furthermore, real estate developers in Thailand, especially in the beautiful island of Koh Tao are already gunning for higher sales of private vacation properties especially those involving foreign buyers. In fact, there has been an amazing increase in numbers of foreign nationals who own various vacation properties within the kingdom whether it’s a nice beach villa in Thailand or a resort in the island of Koh Tao.
Whenever investors invest on vacation properties, they can use it on personal purposes or they can have it rented out by fellow vacationists. This is the reason why vacation properties are continuing to attract investors from neighbouring Asian nations such as Singapore, Hong Kong and yes, even China due to the mere fact that it’s more profitable to rent out a property than to actually sell it. And, the mere fact that Thailand is selling these properties at reasonably lower rates, the more investors are being tempted to bite the bait. In fact, a local developer is aiming to sell at least, 212 million Dollars’ worth of properties to buyers from other countries which is a 40% increase compared to last year’s value. In addition to this, 2016 saw a 55% growth in foreign sales in 84% of these buyers are primarily from neighbouring Asian countries.
This year, one of Thailand’s leading real estate developers is planning to launch 19 different projects that have a total value of 1.2 billion Dollars which can help furthermore boost Thailand’s growing tourism. Potential buyers will be from Singapore, mainland China and even Taiwan. Investors will benefit both from buying and having the properties rented out because they can easily make money by renting it out and they will also have their own vacation house which they can use if they are visiting Thailand.