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Why Invest in Thailand Property
Thailand is famous for its unique and tasty delicacies and foods along the streets, white sand beaches, mouthwatering seafoods and glamorous, sophisticated cities, as well as an ancient indigenous history and a young, vibrant culture.
As you will discover, Thailand has a great story to tell, from its tourism strength and cultural diversity to its ground-breaking research and development and highly skilled workforce. Thailand has been awarded and well known to all foreigners as the land of smiles that welcomes all nations. The awards won signify quality and excellence in tourism and hospitality operations. They demonstrate readiness to support and strengthen Thailand’s tourism industry so that it may compete globally in the future. The Thailand Tourism Awards is regarded a positive measure that helps promote the tourism industry. It helps ensure as well as increase credibility among both domestic and international tourists, and is also a major tool for Thailand’s sustainable tourism development. These days, the Thai tourism industry is considered a model of quality assurance for worldwide tourism. To instill awareness and promote responsible management in tourism among tourism entrepreneurs, ultimately leading to sustainable tourism, the TAT initiated the Thailand Tourism Awards project for the first time in 1996, and has consistently organised the event every two years.
Thailand has strong population growth due to its progressive immigration.The 2014 population of Thailand was estimated to be 67,200,000. Thailand’s population is mostly rural. It is concentrated in the rice-growing areas of the central, northeastern, and northern regions. As Thailand continues to industrialize, its urban population—45.7 percent (in 2010, according to NESDB) of the total population, principally in the Bangkok area—is growing. Officially they have rural residency, but spend most of the year in urban areas. This trend is expected to continue into the future. Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). Thailand is the second-largest economy in Southeast Asia. Thailand’s unemployment rate is low. There are many reasons why Thailand is an intelligent choice for the investor. Below are just a few.
- Thailand has quality international schools, an excellent health care system and friendly cooperative people.
- Thailand boasts the largest growth market in Asia.
- Thailand has recently attracted a great deal of foreign investment. It is one of the Asian economic leaders and is one of the fastest-growing economies in the area.
- Thailand is one of the least expensive places to fly to in Asia.
- The country has strong business ties with China and has an excellent infrastructure as well as world-class facilities in many resort towns.
- Property is far cheaper in Thailand than other countries and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand.
- Rental potential is great, due to increased government spending luring growing numbers of tourists.
- No capital gains tax for private investors, and low ongoing taxes.
- Today foreigners are regarded by the government as a big investment opportunity in Thailand.