Thailand 'most popular in Asia' for property buyers
Thailand remained the most popular target in Asia for overseas property buyers and investors, with a sharp increase in interest levels being seen during July.
Friday 10 August 2012, 02:31PM
In the monthly ‘Top of the Props’ league table for the most searched countries on TheMoveChannel.com, a leading overseas property website, Thailand ranked as the 13th most popular county in the world – a rise of six places from the previous month, and underlining the recent spike in interest in property within the Kingdom from overseas buyers.
Dan Johnson, director of TheMoveChannel.com, said, “When the credit crunch hit, property investors started to retrench towards more familiar markets.
“The political crisis that hit Thailand between 2008 and 2010 worsened this effect, meaning that drumming up interest in Thai property during that period was difficult.”
Thailand has returned to the radar of many overseas property buyers and investors on the back of a more stable political situation and strong economic fundamentals.
Johnson added: “Since 2010 a period of relative stability has ensued, which has helped build investor appetite for the great value property, amazing countryside, spectacular coastline and delicious cuisine.”
Spain retained the global property gold, accounting for almost one-fifth of buyer enquiries on the overseas portal. America stayed strong in second place, leaving France to take the bronze.
But it was Bulgaria’s 10-place jump to eighth place that grabbed most attention, increasing the country’s share by 1.35 per cent last month to take 2.57 per cent of all enquiries on the site.
Johnson said: “Bulgaria’s improved monthly ranking seems to come directly from the appeal of its prices.”