Saturday, January 7, 2012

INVESTING IN LUXURY PROPERTY REVIEW

Thailand as a whole I believe to be undervalued, especially when compared to its neighbors. Due to a bit of political issues, the lid has been kept on the real estate market with respect to pricing, although the market overall has been steady. The Thai elections will be complete by the time this magazine goes to print and with a positive message from the new government regarding foreign investment, I think there will be increased investment from the foreign community into Thailand.

There is no surprise when I say (and firmly believe) Phuket is one of the hottest places in the world, and no it’s not too late! With some of the highest end luxury hotel groups in the world announcing their commitments to open resorts, most of them mixed use developments; Phuket has yet to really see the true luxury end of the market. Phuket will be a different place in 5 years and the availability of prime sea front land is already scarce and at a premium. Buy now!

Also, the prime island of Koh Samui is a great choice, the island is always buzzing and has an excellent choice of hotels and restaurants however location is paramount as the infrastructure is in the process of being upgraded.

There are new, remote luxury locations like Koh Kood, that offer space, privacy and incredible service.

Indigo has taken an interest in exploring some markets outside of Thailand, such as Laos, Vietnam and to many peoples surprise, all the way to the other side of planet earth, Argentina. All of these are explained in this issue.

Back to the basics about investing in luxury real estate. The bottom line is due diligence. It doesn’t matter which country you are considering, you have to fully investigate locations, ownership and legal structures, quality of builders and construction and of course tax considerations.


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