Thailand's  hospitality, retail and residential sector has seen strong demand and investment

The economic potential of Thailand has been on display for the last twenty years. Despite unfortunate events such as the financial crisis of 2008 and historic floods in 2011, Thailand has evidenced economic resilience against the odds. Most recently, the demise of the grately revered King Bhumibol Adulyadej, has drawn the attention of the world at this time of transition. Such complexities have also created lucrative possibilities for shrewd investors who take advantage of in-depth country research.

With the promise of political stability in the near future, Thailand is on the cusp of greater development. It boasts a unique real estate market, which is quite stable, despite recurrent economic and political volatility. With record tourism levels, Thailand’s hospitality, retail, and residential sectors have seen strong demand and investment. Commitments from foreign investors have, and will, continue to push Thailand in the right direction.


Economy Thailand's status as the second-largest economy in Southeast Asia has led many investors to consider it a key emerging market.The country became an upper-middle income economy in 2011. GDP growth was estimated at c. 2.8% in 2015 and assuming political turbulence remains minimal, the World Bank predicts it to grow 3.1% in 2016 and 3.2% the following year.
Legal For foreigners, direct ownership of land in Thailand is near impossible. Historically, some foreign investors overcame this obstacle by joint ventures with Thai nationals, but authorities have recently cracked down on such arrangements. An alternative is investment in so-called target industries. Under these rules, it may be possible to attain 100% ownership of property and land in specified areas.
Regions Although the economy of Thailand is not expanding rapidly, the country’s capital, Bangkok, is a promising destination for real estate investment in the residential, office and retail sectors. For the hospitality market, growth has been evidenced at several tourism hotspots especially Chiang Mai and Phuket.

Related Articles