Press enter

Thai business people spend ten billion baht on London investments | 29 October 2012

Thai investors are increasingly buying residential and commercial properties in London, bangkokpost.com reports.

In the last year, according to financial services firm, Asia Plus Securities (APS), Thai investors have spent in the region of ten billion baht on acquiring properties in the English capital.

London has emerged as one of the ‘prime locations for foreign investors’, in preference to many other continental European cities whose property prices have been affected by the financial crisis. Asia Plus Securities’ chief executive Kongkiat Opaswongkarn said that investors are wary of the fluctuating asset values, complex property regulations and ongoing uncertainty of the Euro-zone countries.

London’s properties, conversely, have remained highly priced but Asian businessmen are willing to invest in them as they offer a ‘distinctive quality that attracts buyers from all over the world’.

Dr Kongiat told silobreaker.com: “Even with asset prices in Britain remaining high, buyers are willing to pay. Asian businessmen, especially from the Middle East, are buying London assets mainly and not those in the rest of Europe.”

According to latest research, Thai investors are not only buying residential properties but hotels and businesses within the health care, media, construction and automotive industries. Asia Plus Securities says that business people from right across the Association of Southeast Asian Nations are taking the opportunity to invest in such foreign assets.

Written by Elizabeth Smythe on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

Share this story
Posted by Matt Roobol

More News

Qube Global Software customers win at the Property Week Awards | 7 November 2017

We are delighted to announce that a number of our customers were crowned winners at the Property Week Management All-Stars awards – held at Grosvenor House, London, on the 2nd November.

Network Homes choose Qube Living | 16 August 2017

Network Homes has chosen to implement Qube Living to support its growing Build to Rent portfolio.

Qube Global Software customers shortlisted at ARMA ACE Awards | 6 June 2017

We are proud to announce that a number of our customers have been shortlisted at the prestigious ARMA ACE Awards.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close