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Asia’s Property Market on the Mend

Woking, United Kingdom, April 05, 2007 --( Property prices in Asia are starting to show a healthy return and the housing market is beginning to rise according to a major bank in Hong Kong. British banks are not as optimistic as prices are still some distance from previous peaks but there is no forecast of a large property bubble looming on the horizon.

Principal International say that investors are still keen to buy in Asia particularly Thailand as prices there are still cheap and tourism is booming, making the rental market very profitable. Fundamentally, Thailand is a strong market for tourism and that attracts investors says Simon Ryeland, Director of Principal International, “We are selling property in Pattaya and Koh Chang every month and, with prices starting as low as £32,000 together with millions of tourists going to Thailand every year, our investors are reaping the rewards despite the unforeseen slump in the market.”

Principal International says that where there’s a budget airline operating there’s usually a good investment opportunity, and Thailand is no exception. Malaysia Airlines has just launched a new route in April with its budget airline Firefly and will fly four local routes and two destinations in neighbouring Thailand.

Principal International have a number of properties for sale in Koh Chang, located on the eastern side of the country. Koh Chang is surrounded by beautiful mountainous jungles, waterfalls and unspoilt beaches. With the current height and volume restrictions in place and the topography of the resort, development in the area is expected to be limited and property will eventually become available only at a premium.

Aside from the year round tropical climate, miles of sandy beaches and a low cost of living, Thailand is home to world class medical facilities and this is an important factor when considering holidays or retirement, for further information and to check availability see the website for details;

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Principal International
Shaun Woodward

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