The HSBC 2015 Expat Explorer survey, published annually by the global bank, placed Thailand’s property sector number one of the world for expatriates, ahead of Bahrain in second place and Spain in third.
Property is ranked as part of the ‘experience’ section of the survey, and taking other factors into account Thailand was placed 21st of the 39 survey countries.
This news will probably be treated with skepticism by some industry professionals in the Kingdom, but it is believed the ranking looks at factors such as value for money when considering the ranking. Dot Property Group has attempted to discover what other factors influenced the property ranking, but despite requests for further details as to why Thailand was ranked top, HSBC in Hong Kong and London have failed to reply to our requests for further information before publication.
The report did note: “Thailand is renowned for its low cost of living. It came out as one of the best destinations for expats looking for an improved lifestyle at a low cost in the 2015 Expat Explorer Survey, with more than two-thirds of expats saying they associate Thailand with a higher quality of life and have greater levels of disposable income.
“Thailand is renowned for its low cost of living. Although prices for everyday items are rising, most expats still describe their financial circumstances as comfortable. Grocery shopping is cheap, as are restaurant meals and street food. Clothing, transport and accommodation costs are also low.”
This is great news that should be used to promote property and real estate investments in Thailand as a solid, value for money investment around the world.