Thailand’s ‘high end’ rental boom

Investors are profiting from Thailand’s booming Condo market, claims Forbes…

In Forbes’ recent list of the world’s top 10 emerging locations, Thailand came in at number 6.

The magazine revealed: “The two most significant markets in Thailand are the Bangkok condominium market and the Phuket villa market. Bangkok also features a prominent rental market, into which many investors have jumped in recent years.

“Production in Bangkok has extended beyond the luxury market and into the moderately priced sector (for research purposes, Knight Frank classifies the country's housing as "moderate," "high-end" and "luxury"), as broad-based demand has driven construction.

In 2007, Phuket experienced similar results, and most of the growth there came in the high-end market--with prices surging 25%--while in the luxury market, prices jumped 2%.