5) Not Investigating Property Trends and the Investment Market
Individuals and companies are increasing their presence in Asian property markets. Integration with ASEAN and loosening regulations are helping with capital flow across not only Thailand but the rest of the region. However, it’s paramount that anyone, who is buying property in Thailand, especially capital growth-minded investors, should thoroughly research the predicted trajectory of the local real estate market.
At the moment, property values are on the uptick in Thailand, but a smart investor will always base their calculations and projections on solid and reputable historical market data. The current feeling in the Koh Samui property market is very strong. The previously mentioned tourism increase across Thailand, coupled with the demand for luxury properties, means investment in the region is considered a ‘safe-haven’ for investors. Putting aside the obvious, paradise-like charms of Koh Samui, it holds great potential in terms of rental yield, especially in the luxury sector.
Remember, these and other trends to watch out for are extremely important in maximizing your long-term gains when investing in Thai property.