Koh Phangan in Thailand is recommended by overseas property portal as one of the best real estate investment opportunities from around the globe. Here is what he had to say:
I began recommending Koh Phangan as a 'hot market' at the beginning of 2008, when I stated that the success of its big-brother, the then semi-mature Koh Samui, which had seen 50% annual growth the 2 years previous could be used as a guide as to the success of Koh Phangan, then only beginning to appear on the international property investment stage. But just as Koh Samui has been affected by the global situation, so Koh Phangan growth potential has been stunted, but this just makes it an even hotter investment destination.
"I have said before that property investors buying now are more often-than-not doing so for possible mid-long term gains. Right now, you can buy 10 Rai of tropical beach-front land, already divided into 8 plots and prepped for development for just £114,000. This will easily sell for three, four or even five times that -- depending on how patient its owner is -- during Asia's (and the world's) economic recovery, when it can easily be sold for development into an exclusive luxury resort of say 10 villas, each selling for £150,000 or more."
