New research from a leading property website has found that Thailand remains the most popular target in Asia for overseas property buyers and investors. And, the country saw a sharp increase in interest levels during July 2012.
Property in Thailand has been increasingly popular with overseas buyers since 2010, as we see below.
Thailand the most popular country in Asia with property buyers
TheMoveChannelÃ¢â¬â¢s monthly Ã¢â¬ËTop of the PropsÃ¢â¬â¢ league table measures the most searched countries on their website. In July 2012, Thailand ranked as the worldÃ¢â¬â¢s 13th most popular country with overseas property buyers, up from 19th position in June 2012.
Phuket News reports that this underlines Ã¢â¬Ëthe recent spike in interest in property within the Kingdom from overseas buyers.Ã¢â¬â¢
Dan Johnson, director of TheMoveChannel.com, said, Ã¢â¬ÅWhen 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.Ã¢â¬Â
A more stable political situation and a strong economy have seen more and more overseas buyers consider Thailand for their foreign home.
Johnson added: Ã¢â¬ÅSince 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.Ã¢â¬Â
The research found that Spain remained the top location with overseas property buyers and investors with the USA in second place and France in third.
Property in Bulgaria was more popular in July with the country jumping from 18th to 8th place on the list. 2.57 per cent of all the enquiries on the website in July were for properties in Bulgaria, up from 1.35 per cent in June.
Johnson said: Ã¢â¬ÅBulgariaÃ¢â¬â¢s improved monthly ranking seems to come directly from the appeal of its prices.Ã¢â¬Â