Krabi Real Estate Potential
Krabi, March 07, 2010:
So, what is the potential of the Krabi real estate market? With the popular resort property hotspots of Samui, Phuket and Pattaya receiving so much attention from property investors in recent years, it's no surprise that prices are skyrocketing and beach front land is becoming rare. And as the tried, tested, and, true formula witnessed in global real estate markets dictates, this means that there will always be savvy investors looking to get an early start on the next big thing.
But the key to developing in emerging markets is that there has to be some degree of facilities already in place.
The tourists have to pave the way to the destination". "For these emerging markets, accessibility is the key because the kind of buyers that can afford the more expensive properties are already travelling a great distance to get to Thailand. The last thing they want to do is get into a taxi or bus at the airport in Bangkok and travel another four or five hours to get to a resort and get a ferry ride and another taxi. Developers need to bear in mind how people are going to get to that resort. People will make the effort but it has to be priced accordingly."
For those in the know, these resorts are certainly not new destinations on the travel or property trail. But it's only been in recent years that they've been starting to make a name for themselves on a more international scale, as intrepid investors shy away from the pricier traditional hotspot areas.
And, notably, the big name property management firms have yet to move in, a sign they still fit under the up-and-coming banner.
Article courtesy of Asia Property Report
