Is now really the time to invest in Thailand property? It’s a common question because recent events have often made global front pages and lead news bulletins around the world.
These images (the front pages above are from 2010) stay in the minds of potential property investors, regardless of the fact that events have moved on considerably.
The question has been answered by a recent article by property developer Sansiri.
It said that factors to be taken into consideration before investing in property are local regulations, economic conditions and the political climate of the country.
It described the situation as being a “somewhat hyped controversy” behind Thailand’s political unrest of yesteryears, and went on to highlight how Thailand has emerged into a viable destination for overseas property investments – void of any threat to the real estate (or any other) industry.
Putting the issue into context
One main concern for many wanting to invest in Thailand property is the fact that the country has been constantly reported as going through political unrest, with the launch of a coup by the Royal Armed Forces in 2014 that formed the National Council of Peace and Order (NCPO) to run the country.
Thailand is used to coups and this was the 12th time the military has taken power since 1932. They are by and large peaceful processes compared with those in other countries.
Thailand’s spokesman for the Foreign Ministry, Busadee Santipitaks, put things into perspective earlier this year when he said Thailand’s ranking and status as a dangerous destination was outdated and biased, and did not reflect the improved situation within the country.
Many tourists have also mentioned they feel completely safe while visiting.
The fact that Thailand is tourist and foreigner-friendly, and growing from strength-to-strength, is underlined by Bangkok being the most visited city in the world during 2016.
How the coup has helped
Real estate developments and destinations depend on many factors – an important one being infrastructure. The present Thai government has increased spending on infrastructure projects to the highest level in recorded history, which should help boost economic growth by about one percentage point over the next two years.
Thailand property and real estate moving forward
With overseas property investors remaining overly cautious due to the media’s often sensational reporting of events in Thailand, as well as rapid emergence of the nation as a viable investment destination, Sansiri said “… now is as good as time as ever to tap the strengthening real estate arena in Thailand.”
This is an edited version of a story originally published by property developer Sansiri. I believe it is balanced and a fair snapshot of the situation in Thailand right now, and should help you decide if now is really the time to invest in Thailand property.