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Adventurous investors are looking east for the latest opportunities, as
research from the Property Investor Show reveals that nearly 15% of property
investors believe that the Far East could present the biggest house price
rises in the next few years.
 Those looking further afield for their next purchase are finding that
exotic locations such as Thailand can provide a good investment, with yields
as high as 8% for sea facing holiday villas.
"With recovery from the Asian Tsunami well underway Thailand is focusing
again on being a very popular exotic holiday destination with
the southern
resort of Phuket its main attraction," says Russell D Russell, director of
events for Thailand Homes and Investments.
"Phuket’s tourist market has boomed over the last decade, the property
market began to take off too and we now see many visitors interested in
owning property in the region. As well as being a luxury holiday home, these
properties can provide good rental yields, as high as 8% for a sea view
property and 4 to 5% for a home near a golf course."
Phuket is a well-established resort with many five star hotels and the
amenities to match. There are plenty of restaurants, shops and
golf courses
to meet the demand of the tourists, as well as marinas, beaches, waterfalls,
jungles and deserted islands.
Russell adds: "Phuket has something for everyone, whether it's shopping,
diving, exploring or just relaxing. It also has the advantage of still being
affordable and accessible which, combined with its politically and
economically stable position and the high quality yet low cost of living in
the area, makes it an unmatchable Asian destination."
The property and tourism markets in Phuket are unique in that they
attract a mix of nationalities, including Australians, Americans, Japanese
and Chinese buyers as well as Europeans.
This is in part due to the excellent location of Phuket, which is within
five-hours flying time of a third of the world’s population, and well
connected to Bangkok through excellent domestic flights.
Properties available in Phuket are very mixed, from luxury properties,
apartments or villas by the coast to inland properties or properties on golf
courses. The architectural style of the properties also varies greatly, from
modern designs to traditional Thai constructions.
However some restrictions on property ownership by foreigner's means that
most overseas investors looking to buy in Phuket may be limited in their
options.
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