Investors Seek next Hotspot as Thai Property Recovers

We are all hearing about the revival of Asian property markets, and while much less talked about than China and India we know from recent reports that Thailand is now starting to see its share of this revival.

In the early-mid noughties when the great global property boom was finding its feet, Thailand was powering out of the Asian economic crash and Bangkok property prices were among the fastest growing in the world.

While Bangkok property is still expensive and thought to be on its money if not a little over valued, people are finding investment opportunities in new areas as they seek to find the Bangkok of this economic recovery.

Pattaya is definitely a contender to this throne. Pattaya is exactly what we are looking for in an Asian investment hotspot, it is an urban/suburban area, set to grow into a metropolis and with demand for housing growing far more quickly than supply. Oh, and property is cheap.

Take the new development from Azure Overseas, Art on the Hill is an equisite development offering fully-furnished 1 bedroom apartments in the Pratumnak district of Pattaya from £21,000. The development, which is located just 5 minutes from downtown Pattaya is complete with:

• Rooftop Pool
• Secure Underground Parking
• 24 Hour Security
• Modern Design
• 400 Meters from Pratumnak's best beaches
• Family Friendly Neighbourhood
• Close to all local shops and amenities

Spanish Property Still Topping the Charts with Overseas Buyers

Spain has topped the charts yet again in terms of popularity with overseas property buyers according to a recent chart compiled by major overseas property publication Home Overseas.

Spain took 1st place from its close rival Portugal, which had apparently been most popular in the Home Overseas chart for several months.

The Homes Overseas chart is very different to that of portal Property Abroad.com who had Spain in first place for several months until it was overtaken by America in June, which stayed in top-spot in July as well. America is 7th most popular with Homes Overseas readers, up one place on the previous month. Thailand property is 9th most popular with Homes Overseas and has never appeared on the Property Abroad.com chart.

Activity does seem to be increasing in the Spanish market slowly but surely, as the combination of the price drops and strengthening Sterling vs Euro exchange rate brings people back in to the market in the hope of getting their dream holiday home for a bargain price.

You know things are improving when you read an article titled Is it time to dive back into the overseas property market in the Times, or rather when the answer within the article is a resounding yes.

The article even contained details of a 100% profit made on a Spanish property investment, it read:

"Someone who has followed that advice [to buy resort property in prime coastal locations where the Spanish also buy] is Alexander MacDonald, of Glasgow. The 41-year-old bought a one-bedroom apartment in a Spanish-dominated block in Playa de la Arena, Tenerife, for £40,000 in 2002. He sold recently for £80,000 and is looking to buy something bigger in the area while prices are down."

View property for sale in Spain