INTERNATIONAL DEMAND for luxury condominium projects is driving Thailand's high-end property market to new heights and the boom is tipped to continue unabated.
From inner-city living in Bangkok to idyllic retirement homes set among Thai resorts, developers in the kingdom maintain demand will continue to drive construction of more prestigious new developments.
Foreign investors from Hong Kong, Singapore, North America, Europe and the Middle East are undeterred by the current political instability, which they see as no more than a cycle in an otherwise healthy long-term property scene.
Instead, investors are concentrating on the more positive aspects of this growing market and are noting healthy rental yields and capital appreciation, encouraging tourism figures, growing infrastructure and the sheer quality of properties on offer at a fraction of the price of comparable developments in other parts of the region. Not to mention the desirable lifestyle that Thailand affords.
In terms of attracting a large slice of international investment, local analysts say demand in Bangkok has quelled rumours of oversupply, Phuket is back on track after the tsunami disaster, while Pattaya, Koh Samui and Hua Hin are all beginning to attract a global audience.
Foreign investment is turning the high end of the property industry into a growing market, and developers are facilitating investors wishing to enter the market.
Law firms are also entering the arena with the sole purpose of ensuring that foreigners ease through the process of buying land.