Real Estate News, Reviews and Investment
News: Tourism the catalyst for growth in Thailand condo market.
The burgeoning traffic in tourism to Thailand has ushered in a new phase of dynamic growth in the condo market. In the wake of this pervading tourism onslaught, the country has positioned itself to reap the greatest benefit by targeting wealthy tourist visitors rather than on the number of tourist arrivals.
Demand for condos running high
Overall, there has been a dramatic increase in the number of arrivals to the country and the really interesting aspect of this market is that the majority of big spenders who arrive are Asians with only a few foreign buyers. Records show that potential condo buyers arrive from China, Malaysia, Japan, South Korea, India, Laos and Singapore. The remaining tourists hail from Russia, Australia and the UK.
Facts and figures
Figures clearly illustrate the importance of increasing tourist arrivals in the country:
Supply measuring up to customer demand
Though there are numerous supply sources for satisfying the preferences and desires of customers, there are special areas that have long been favored by tourists such as Phuket Island. Here customer and owner interaction is particularly high and can lead to a high level of satisfaction to both sides.
The Phuket example
The island is rapidly becoming the hub of condo development, which has been made possible by the presence of a large international airport. Because of this airport on the island:
Thailand offers potential condominium owner with premium value, set amidst a myriad of attractive features such as impeccable scenery, superb facilities, relaxing comfort, exquisite cuisine and top class entertainment.