Over recent years, Thailand’s infra-structure has progressed with great improvements to airports, ports, road and rail networks, energy and utilities infra-structure, power plants and transmission grids.
Thailand is Asia’s prime tourist destination, offering a world class tourist industry at affordable prices making it a haven for visitors, re-locators and property investors alike. The areas we choose to invest in, the economy relies heavily on tourism and increased property investment, this is now good news for economic growth and fantastic capital returns.
The completion of the Suvarnabuhmi-Bangkok international airport further boosts growth in the commercial property markets as well as making Thailand even more accessible by air. Thailand is also one of the cheapest places to fly in Asia. Initially, it is capable of handling 45 million passengers and 3 million tons of cargo per year. Long-term plans for four runways flanking two main terminals and two satellite buildings with a combined capacity capable of handling up to 100 million passengers and 6.4 million tons of cargo a year are on the drawing board.
Property in Thailand is much cheaper than many other popular areas. Take southern Spain for example, where the property development industry now sits in 324 billion Euros of debt and the government has targeted fifty billion Euros spending cuts. A two bed condo in Marbella in a sought after location will cost around € 975,000, where as a two bed condo with sea views in sought after location in Thailand can cost as little as € 187,000. Rental potential is high, due to increased government spending luring a growing, year round number of tourists. Many European destinations suffer big losses in rental yield during the winter months as the weather is far from guaranteed. In Thailand there are no capital gains taxes, stamp duty or transfer fees for private investors and low ongoing. The government recognizes tourism and foreign investment are the main contributing factors to the economy.
Transferring money to Thailand
Transfering Money To Thailand
When purchasing property overseas you will need to transfer money. Whilst the natural inclination is to go to your local High Street bank to transfer funds abroad, this is usually a fairly expensive way of doing it. Exchange rates and commissions provided by high street banks are significantly less favourable than those typically offered by specialist foreign exchange brokers.
We therefore recommend the services of Foreign Currency Direct. Transactions arranged through FCD are always at the most competitive rates, and the service is fast and efficient. An estimate of the typical savings using FCD over high street bank transactions are in the region of 1 to 2%, or £1,000 to £2,000 saved for every £100,000 transferred.
To transfer money via FCD contact: Ben Amrany, Tel UK: 0800 328 5884 Tel abroad Tel: +44 1494 725 353 or create an account via the FCD website by visiting www.currencies.co.uk.
