Investors should consider Thailand property to take advantage of the burgeoning home rental market in Bangkok. According to US-based short-term home rental site Roomorama.com, the capital is now Asia's second most popular destination among travellers booking online, the Bangkok Post reported. Beaten only by Tokyo, Bangkok enjoys considerable footfall from business and leisure travellers, and it seems short-term rental is also proving popular among those looking for an alternative to hotels.

Jia En Teo, co-founder of Roomorama.com, explained to the newspaper that Bangkok was the first destination to be featured on the property website, but its success as a short-term rental destination has inspired the companies to add properties in Koh Samui, Phuket and Chiang Mai in the future. "Koh Samui and Phuket will certainly gain in popularity as we get more villa options for travellers who are tired of the large resorts," Ms Teo said.

As more and more people head to Thailand, buyers will be on the lookout for real estate to offer as short-term rental. Currently the country isn't well penetrated, which makes it a prime spot for investors. However, as technology improves global access, competition in the country's property market will no doubt increase in the future and Asian cities are becoming incredibly alluring to travellers. "Asia is becoming more affluent and savvy. Travellers are looking for ways to have a unique yet affordable travel experience. Asian travellers also seek comfort and reliability," Ms Teo stated to the Bangkok post.

The expert explained that Roomorama.com focuses on the mid-market and high-end range to meet the needs of customers, which is thus far proving the most lucrative. This means that the low-end backpacker market is not a target. "We have small, local property management companies that manage anywhere from 50-500 properties. By partnering with them, we're able to grow our listings quite quickly while ensuring high standards of quality and reliability," said Ms Teo. Roomorama.com expects their users to double in 2013 from 250,000 registered viewers in 2012 as people increasingly look for short term lets.

source: http://www.propertyshowrooms.com/thailand/property/news/bangkok-popular-spot-for-rental-homes_312580.html

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