Top of the Props: Thailand property demand on the up

Photo credit: Tom Marshall

Key Findings

·         Thailand joins Top 10 property destinations

·         Turkey falls out of Top 10 for first time

·         Cape Verde replaces Turkey as fifth most popular destination

·         USA remains most popular country for four months in a row

·         Top four property destinations remain USA, Spain, Portugal, France

Demand for property in Thailand grew at the start of 2013, according to TheMoveChannel.com's Top of the Props. Interest in the country's real estate increased in January, ranking Thailand among the 10 most popular destinations on the property portal for the first time.

Thailand's share of enquiries only increased by 0.73 per cent, but it was enough to see the country climb to 10 th place in the Top of the Props chart, compared to 16 th in January 2012. Indeed, Thailand overtook familiar contenders Bulgaria and Turkey while the two established markets both dropped out of TheMoveChannel.com's Top 10.

A semi-regular presence at the top of the chart, Bulgaria dropped five spots to 11 th thanks a 1.34 per cent decrease in enquiries. Turkey's share of interest shrank by an even bigger 2.09 per cent, causing it to drop eight places to 13 th – its lowest ranking and the first time it has been outside of the Top 10 since Top of the Props records began.

The traditional markets in the chart remained the same, though, with USA, Spain, Portugal and France still firm favourites among investors. After toppling Spanish property last year, US real estate has ruled the global property chart for four months in a row. However, each of the top four countries' shares of enquiries slipped at the start of 2013 as investors looked further afield for investment opportunities.

Cape Verde was one of the most popular alternatives, bouncing back after a dip at the end of last year to replace Turkey at number five. Brazil also saw buyer attention grow, rising four places to seize 6 th spot from Bulgaria. The biggest climber was the Dominican Republic, which increased its share of enquiries from 0.31 per cent to 1.71 per cent, enough to drive it up15 places into 14 th .

Director Dan Johnson comments: "The USA may be the best property market for investors right now, but Thailand's popularity has been building up for a long period of time. Demand has steadily increased over the last 12 months, driven by both lifestyle and investment appeal, to join TheMoveChannel.com's big league. The only other Top 10 countries to see interest increase significantly last month were Brazil and Cape Verde, a sign that while America and Europe win points for low prices, emerging countries may have a big role to play in 2013."

The full breakdown of the top 40 is as follows:

Overall Enquiry Volume for January 2013

Rank

Country

Share

Change

1

USA

21.02

Non-mover

2

Spain

15.76

Non-mover

3

Portugal

8.32

Non-mover

4

France

7.62

Non-mover

5

Cape Verde

3.72

Up 8

6

Brazil

3.68

Up 4

7

Italy

3.56

Non-mover

8

Cyprus

2.69

Non-mover

9

Hungary

2.58

Non-mover

10

Thailand

2.37

Up 2

11

Bulgaria

2.2

Down 5

12

Greece

1.87

Up 2

13

Turkey

1.73

Down 8

14

Dominican Republic

1.71

Up 15

15

Malta

1.06

Up 5

16

Barbados

0.8

Up 3

17

Germany

0.78

Down 2

18

St Lucia

0.75

Up 4

19

Cayman Islands

0.6

Up 5

20

Croatia

0.59

Down 2

21

Egypt

0.56

Up 4

22

UAE

0.5

Down 6

23

Poland

0.46

Down 2

24

India

0.39

Down 1

25

Indonesia

0.34

 

26

Nicaragua

0.29

Up 10

27

St Vincent and Grenadines

0.29

Up 5

28

Romania

0.29

Up 7

29

Morocco

0.24

Down 18

30

Montenegro

0.24

Down 4

31

Australia

0.24

Up 7

32

Belize

0.23

Down 4

33

Jamaica

0.2

Down 6

34

Malaysia

0.1

Down 1

35

antigua and barbuda

0.09

Up 10

36

Albania

0.08

 

37

New Zealand

0.08

 

38

Czech Republic

0.08

Up 1

39

Canada

0.08

Down 22

40

Austria

0.08

Down 10

 

Notes to Editors

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.TheMoveChannel.com and the office address is 24 Jack's Place, Corbet Place, Spitalfields, London, E1 6NN.

Contact Dan Johnson on 0207 952 7650 for further information.

Comments

comments