As its GDP booms, the Thai government has committed to spending approximately $72 billion on infrastructure projects over the next five years, in order to increase tourism and investment into the country.
And the good news for property investors is that the development work, which will include new roads and railways linking the country's major hubs, is having a positive effect on the property market, increasing rental returns and driving holiday makers and second home hunters towards the country's wide range of housing stock.
"The Thai condo market is booming at the moment," comments Lee Chettoe, Sales Manager at Knight Knox International. "The increase in demand for property, particularly in the Jomtien Beach and Pattaya regions, has led to us taking on an additional six new projects this year alone, all of which have been extremely well received by our investors."
"Over the past 12 months we have also noticed that investors are broadening their horizons and starting to look more further afield than the traditionally popular regions in Pattaya, towards the more tranquil area of Bang Saray; either looking to retire or for a peaceful holiday destination, while only a short drive away from the main Pattaya resorts," he added.
Knight Knox is currently marketing Thai condos with beachfront locations starting from as little as £15,000.
Find out more at www.knightknox.com
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