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Archive for August, 2008

Brokerage and Property Management in Asia Today

Tuesday, August 26th, 2008

Buying or selling a commercial property or business is extremely vital in anyone’s life, both personally and financially. Reliability and confidence in people who help to achieve your deal is really important and you cannot realize your deal unless you communicate with people who possess the necessary understanding about your business and your objectives. You have to access the services of those who are focused in these specialist fields and those who have the knowledge about the different tasks involved through years and years of experience. Such experienced hands would have manufactured and perfected systems and policies proven to attain maximum output for their clients.

When you become the owner of a property the feelings of excitement, pleasure and pride are sure to grip you, no matter whether you have bought a property for the first time, your next home or an investment property. Your selection of properties depends on a lot of factors like what you want, what you can manage and precisely what’s in offer at the moment you are set to buy. If you consider all these the property you end up buying will be very similar to the one you had in mind when you began, or at least as close as possible. Management of residential properties includes providing authoritative back up for multi-owned condominium estates, private villa management, buying and selling clients assets, managing body corporate structures, trust account management, gardening and property maintenance as well as owner representation for repairs and maintenance. Property management also provides Sales and Rental (both Holiday letting and Long term) solutions. The management consultants must understand the financial investment that you have made and make all efforts to ensure that your asset is cared and maintained to guarantee your return on investment: whether it is a rental property, holiday home or commercial property. They must deliver the most effective and respected service providers when it comes to maintaining your property.

Foreign Investors in Thai Property

Tuesday, August 5th, 2008

There has been a strong urge from the people in the property sector to the country’s newly-elected democratic government to be more generous towards foreign property investors. Thailand going back to democracy after a 15 month military rule has already had a positive impact on the property market. There have been a notable number of deals completing during the high season in Phuket as well as more visitors to the sole agency projects. The newly elected government has begun to take initiatives toward a more open and favorable policy for foreign property investors. The new government has already taken away the 30% capital control which is thought to support bringing back foreign investments.

Since the December election, foreign investors have shown increased interest. Established developments have witnessed a particularly alive high season. Newly awarded projects have also met with a positive response. A similar trend is witnessed in Samui with a clear rise in visiting and purchases of resort properties. It is anticipated that there will be further demand in Samui with surge in flight schedules. The Samui market for luxury villas is closing on Phuket, with the establishment of international hotel brands wooing quality tourism. Samui has traditionally been a less favored beach destination, but this not at all the case now as it is emerging rapidly as a beach destination. Lot of high net worth investors is now increasingly keen. The Treasury Department’s recent land value appraisal displayed that land values in Phuket have rose by an average 160 per cent over the past four years, with Samui prices following closely. The steady rise in land prices on Thailand’s coast points to the confidence in the market and its long term prospects. There is no doubt that Thailand’s property market is continuously flourishing. Foreign investors will have a good time investing in Thailand from now onwards. If you are ready to forget the unfriendly past of Thailand and show renewed faith you are set to benefit.