Thailand has an important place in the Asia-Pacific region. In the past, the economic growth in the area was associated with the rise of so-called Asian Tigers: Singapore, Hong Kong, South Korea and Taiwan. While the development potential of the former four countries has already reached its limits, Thailand still has the prospects for the future growth.
"Thai banks do not provide mortgage loans to non-residents. What’s more, foreign nationals can´t get a bank loan for any purpose. There is only one legal way for them to finance their property purchases in the country, which is through the MBK Group," said Nikita Shcherbina, Director of the East-West Realtors Group, Tranio's partner in Thailand.
According to the Bank of Thailand, over the past 10 years (from 2012 to 2022), housing prices in the country have been steadily rising by 1–10% per year.
Phuket is one of Thailand’s main tourist destinations. Investors from all over the world put their funds into the island's infrastructure development. However, Phuket does not only attract prominent entrepreneurs: investors with modest budgets can also make money on local real estate. Tranio partner, the Phuket9 development company, explains how.
Amid economic sanctions and a volatile ruble, Russian spending habits have changed markedly in recent years. But how have these issues impacted spending among foreign property investors from Russia and the CIS? To get to the bottom of this, Tranio.com has conducted its sixth annual survey.
Despite the economic downturn in Russia, overseas property is still popular. This article by Yulia Guschina explores where and why Russians were buying in 2015.
Russian buyers still dream of a second home overseas. Read on to discover the country’s top 10 locations in 2015.
Countries with lower property prices sell more to
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.