Monday, April 26, 2010

Krabi's Real Estate Market Potential

With the more established resort property hotspots of Koh Samui, Phuket and Pattaya receiving so much attention from property investors in recent years, it's no surprise that prices are heading for the sky and beach front land is becoming more and more scarce. As the tried, tested, and true formula witnessed by global real estate markets dictates, this means that there will always be planty of 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, Krabi is certainly not a new destination on the travel and property trail. But only in recent years have they started to make a name for themselves on a more international scale, as astute investors move away from the pricier traditional hotspot areas.

And, notably, the big name property management firms have yet to move in to Krabi, a sign they still fit under the up-and-coming banner.

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