Thailand: Entry Level Investment Property with Finance
Finding an entry level investment property in Thailand is not easy. The fact that thereare no banks offering finance to overseas property buyers, makes it even harder for those drawn to Thailand’s massive money-making potential, but have little money to spend.
For these people the Maenam Hills Development in Koh Samui is perfect. The price starts at only 100,000 for a 2 bedroom resort villa, and the developer is offering finance at 50% Loan-to-Value, leaving the buyer with only 50,000 to find.
Liam Bailey, Head of International Research for David Stanley Redfern Ltd, said of the development:
"Some might say 50,000 is still a lot of money, but when you consider that people who bought in Koh Samui two years ago, sold their property recently for twice what they paid for it, it makes Maenam Hills one of the best property investment opportunities on the global market. Thailand, and Koh Samui’s growth is primarily fuelled by tourism, so an extra incentive to buy in Maenam Hills is the fact that its well-below-average-price means rental yields should be at least 10% per year. In fact the villas come with an uncapped rental agreement, guaranteeing a rental yield of at least 6% for the first two years." Liam then described why Thailand and its islands are in general a good investment:
"Tourism to Thailand is increasing by 20% per year, and Thailand’s islands like Koh Samui are attracting the largest proportion of the visitors. That is why high-end resort property on said islands has become a big hit on the property investment front.
The extra selling point for an investment in Thailand, and other Asian countries seeing massive growth fuelled by tourism, is the fact that most of the tourism is regional — on the back of dirt cheap inter-connecting flights. This means that even if global markets continue to slow, and people stop going abroad, the money-making potential of Thailand properties will not be diminished." Maenam Hills is a resort development of two bedroom luxury villas. Each villa has a decked terrace, and access to all resort amenities including a communal pool. Koh Samui is very like Phuket, sharing the beautiful white sandy beaches and tropical-vegetation filled landscapes. Phuket properties are now going for 3-4 times what they were 4 years ago and that is another guideline for projections of Koh Samui’s continued success.
Find out more about Thailand investment property at: http://www.davidstanleyredfern.com/investment-property/thailand/
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.’s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market’s regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
By David Redfern
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