Information for Property Buyers

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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.

Thailand was one of the founding members of ASEAN and has been instrumental to the formation and development of the ASEAN Free Trade Area (AFTA). As a member of ASEAN, Thailand has forged closer economic cooperation with ASEAN member nations, and Thai manufactured products and services have access to the markets of ASEAN, which includes all 10 ASEAN countries. ASEAN is home to more than half a billion people, GDP in excess of US$700 billion and intra-ASEAN trade of more than US$1 trillion per year.

Economically, this country of 64 million people is characterized by steady growth. Abundant natural resources and a skilled and cost-effective workforce helps attract foreign investment, enables them to prosper and help develop industry in Thailand.

Thailand has good infrastructure for foreign investors. Improved and modernized transportation facilities, as well as upgraded communications and IT networks, ensure optimum business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services.

The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within 3 hours or less.

Thailand’s educational standards are accepted by many international examining bodies, while its universities are outstanding in many fields. A great number of international schools and colleges offer world-class education.

In terms of healthcare, the country has developed a good reputation globally, due to its internationally qualified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand’s world-class and extremely affordable health care system.

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