Thailand has been identified as a property investment hotspot in a new report.
The 2018 Global Real Estate Outlook Report (GREO Report), published by property investment company IP Global, has highlighted how property investors, especially from the Middle East, are focusing their attentions on Thailand.
Richard Bradstock, Director and Head of the Middle East at IP Global, said: “Over the years we have seen that, historically, investors from the Middle East have favoured buying property in London.”
“However, in 2017, we witnessed a shift in behaviour as many investors moved to buy more affordable property in northern cities like Manchester, Liverpool and Leeds, which offer high rental yields and rising house prices.”
“Internationally, with the launch of start-ups and technology hubs, central European cities such as Berlin, Frankfurt and Lisbon have become attractive investment hotspots due to their resulting strong capital growth and sound economic performance.“
Bradstock added that his company’s recent YouGov study also showed that America remained a popular choice for UAE residents.
“Looking east, Bangkok, with its strategic location and thriving tourism industry, is a location we are looking to invest due to its massive growth in the real estate sector appealing to investors from the region.”
The GREO Report is an annual report that identifies property investment opportunities across different international markets.
Tim Murphy, the Founder of IP Global, is known to be a big fan of Bangkok, and has previously identified the city as a personal property investment hotspot..
During previous interviews with Andrew Batt, the Editor of ThailandProperty.News, Murphy revealed he was an investor in multiple residential units in the city, and most notable he was an early investor in Raimon Land’s The River.