UK apartments lure Thai buyers with deals

[buksida]

Apartments in Britain are offering guaranteed yields and buyback programmes to entice Thai buyers amid the baht's appreciation, according to investment and business consultancy PNN Capital Co.

Dao Wairaksat, the company's business adviser, said there are many apartments in the United Kingdom, including off-plan and ready-to-move-in units, offering a guaranteed yield of 6.5-10% a year.

"The UK property market is mature, but competition is high with new small developers entering the market each year," Ms Dao said. "Developers need to attract buyers with campaigns like discounts, high guaranteed yields and even buyback programmes."

Five years ago, there were many residential projects offering buyback programmes, mostly for student accommodation in education-focused cities with units priced at £30,000-40,000 (or 1.18-1.57 million baht in current terms).

Source: https://www.bangkokpost.com/business/16 ... with-deals

[HHTel]

A one-way street. If only the same opportunity was given to foreigners wishing to buy property in Thailand.
Yes, I know you can buy a condo but even those sales have restrictions.

[Khundon1975]

Plenty of Chinese coming over as well, to snap up apartments here.

[STEVE G]

Buying UK assets with foreign currency is a bit of a chancy business with some of the predictions of the future value of the pound.
Someone I know in Europe bought an apartment in London a couple of years ago as an investment and has made a considerable loss.

[Khundon1975]

I find that very surprising, especially when rental values are taken into account.
Any half decent apartment in, or near the city will bring in a very good monthly rental. Even if he left the property empty, he’d still make money.

[STEVE G]

A loss on the value of the property in Euros. The rental returns in many European cities are as good as London without the currency risk.