Property Platform
Thailand Real Estate Magazine | Issue 56 January 2006
By: Town & Country Property
Buy to Let
Despite of what some others say; the letting market is growing and
growing. There is a greater demand than ever before so it seems.
“Unfortunately” more and more people are looking for up-market
properties in prime areas of this region: Yet, there are hardly
any decent houses and condos available that would match the criteria of the tenants hunting.
We at Town & Country Property experience that there is a vast
group of (often corporate) clients looking to rent for long term
periods of 1 to 3 years.
Over the years we were able to accommodate many clients al- ready
but we are still fetching inquiries, on daily bases, of tenants
looking for similar types of properties and it is getting harder
and harder to accommodate them.
What types of rental properties are wanted? Houses: Luxury
3-bedrooms (minimum) bungalows (preferred) on a secured
development with an (optional-) private pool and nice garden,
located not too far from Pattaya’s city center and its shopping
facilities. Monthly allowance: Between THB 30,000.00 – THB
100,000.00. Apartments: 2 or 3 bedroom luxury apartments with nice
sea- views located in Jomtien, Pattaya city, Pratumnak or Wong
Amart. Monthly allowance: From THB 60,000.00 to THB 120,000.00.
Being a property-owner you might wonder what types of rental
returns are feasible… Well; if your property is well-fitted and
located on a decent development, conservatively you would be
looking at a 7% - 9% net return per annum. Much higher than in most
Western’ countries.
If your property is located under less favorable conditions, you
might not be as lucky as you wish and your investment could be
sitting empty for a long time or generate not even half of the
earnings that you are looking for.
If you would like to evaluate the rental potential of your
property why don’t you ask one of the professional real-estate
agents what they think? Or, even better, ask a few more agents
their opinions as well!
We would be happy to asses your property and evaluate the
potential of it. You can call us for an appointment at 038-374136
or send us your email at:
info@towncountryproperty.com. Town &
Country Property Group; Your realty partner with a personal touch…
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