Thai it, you might like it

Problems such as tsunamis and anti-Government protests over the last five years have done little to discourage foreign investors from entering the Thai property market...

According to a Mail Online article, the upmarket resorts on the island of Phuket on the west Coast of Thailand - along with other resorts in the vicinity - remain particularly popular among British buyers.

As it is one of the best known holiday spots in South-East Asia, it is little wonder that more than 2,700 British visitors sought visa extensions during the year 2008.

According to British entrepreneur and investor Chris Gordon, Thailand is "one of the most secure Asian investment destinations, with a good infrastructure, friendly people and a glorious coastline".

Mr Gordon developed 550 yards of property on Coconut Island, not far from Phuket. His property consists of 112 villas and 30 apartments, all of which have access to the beach.

Some of the other developments include Kata Gardens on a headland, with a view of two beaches. This project is managed by Raimon Land, and mostly functions as an estate of holiday properties.

According to the article, foreigners should investigate the laws of ownership in the country to prevent complications when investing in property. Most foreigners prefer to opt for joint ownership with national companies, as non-Thai passport holders are not allowed to own a freehold land title in the country.

Investors should also keep in mind that yields are dependent upon rental income. Since most of the Thai island resorts are regarded as holiday property rather than residential homes, it is essential to have a reliable renting system in place. According to Mr Gordon, the establishment of such a system could mean annual rental returns reaching up to 12.6 per cent.

Source: www.hotproperty.co.uk