View more on these topics

Thailand is next boom area

Research from the Property Investor Show reveals that nearly 15% of property investors believe the Far East, in particular Thailand, will see the biggest house price rises in the next few years.

Those looking further afield for their next purchase are finding that exotic locations can provide a good investment, with yields as high as 8% for sea facing holiday villas.

This year’s PIS will feature a Thai Pavilion with over 25 companies specialising in Thai property.

Russell Russell, director of events for Thailand Homes and Investments and organiser of the specialist area on Thai property at PIS, says interest in Thai property has never been so high.

He says: “With recovery from the Asian tsunami well underway, Thailand is focussing again on being a popular exotic holiday destination with the southern resort of Phuket its main attraction.

“As Phuket’s tourist market boomed over the past decade the property market began to take off too, and we now see many visitors interested in owning property in the region.

“As well as being luxury holiday homes these properties can provide good rental yields, as high as 8% for a sea view property and 4 to 5% for a home near a golf course.”

Properties available in Phuket range from luxury properties and apartments or villas by the coast to inland properties or properties on golf courses.

However, some restrictions on property ownership by foreigners means Brits looking to buy in Phuket are limited in their options.

As a result, many opt for condominiums at a starting price of around 50,000 for one bedroom up to approximately 135,000 for two bedrooms.

Nick Clark, managing director of PIS, says: “The low cost but high standard of living in Thailand has pushed the area to one of the top spots for UK tourists. It was inevitable that this popularity would spread to the property market.”


TV comic gets serious with a career in home finance

Comedian Nick Hancock has spoken exclusively to Mortgage Strategy about mortgages, regulation and his new job in the industry. Hancock, best known for TV programmes Room 101 and They Think It’s All Over, has joined south Yorkshire-based Earth Mortgages as sales and marketing director, saying he’s in it for the long run. Hancock feels it […]

OEA secures OFT stamp of approval

The Ombudsman for Estate Agents Company Limited has secured OFT approval for its consumer code of practice. The code is designed to ensure consumers get a fairer deal when using OEA estate agents’ services.The OEA represents around 40% of estate agency offices in the UK.Members of the OEA can now use the OFT approved code […]

53% Think Hitachi will suck up all GI business

Last week MS exclusively revealed that Hitachi Capital and Advent Solutions Management are to launch a joint venture called Securah, selling mortgage payment protection insurance. We asked you whether the launch of Hitachi’s MPPI product would result in it sucking up all general insurance business in the sector and the ayes had it, with some […]

First-timers ask the family

One in four first-time buyers now rely on their parents to help them get on the property ladder, says First Active. And nearly two-thirds, 64%, of those first-time buyers could not have afforded their properties without this cash injection. Some 17% of house buyers receive a cash injection from their families. Most of these buyers […]

Insurance - thumbnail

Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


News and expert analysis straight to your inbox

Sign up