The extremely low property prices in Thailand attract many foreign investors. In spite of the great Tsunami that hit the island in 2004, the Thai property market can boast of capital growth figures of around 10-15 % per annum.
Thailand, also known as “the Spain of the east”, has always been one of the most popular spots for holiday makers and investors. High-demand areas for foreigners in Thailand are the beach resorts Phukett and Pattaya, the city of Bangkok and Chaing Mai, the country´s second largest city.
The islands are popular holiday and retirement destinations, although there is a growing professional expatriate community of around 8,000 people living permanently in Phukett (2009). As a result of high property demand, prices on islands such as Pataya, Phuket or Koh Samui are not cheap. If you are buying on a budget, you should avoid popular locations.