Property demand in Thailand to recover in second half of 2010

“ The property market is projected to recover and resume its growth as usual in the second half of this year because the real demand by potential homebuyers who postponed their purchase decision due to the political unrest in the first half of the year remains intact,and property developers are launching new projects to accommodate the demand, according to the Bank of Thailand BoT.Mathee Supapongse, director of the BoT Domestic Economy Department, said the sector conditions in May began to pick up in tandem with the country’s overall economic recovery although it had been affected by the recent political mayhem in the short run."
"Thailand Business News July 2010"

New launches up but average price heads south in Thailand

“ Thailand’s Agency for Real Estate Affairs (AREA) has revealed that the number of newly launched projects increased by 45 per cent during the first five months of 2010 – but the average unit price for new launches dropped by 35 per cent compared to the same period in the previous year."
"Kanchana Paha July 2010"

Recommended reading for prospective purchasers of real estate in Thailand

“ I sincerely believe that there are a lot of opportunities for smart buyers to make money by purchasing real estate overseas in countries such as Thailand but I also believe that minimal precautions must be taken by buyers in order to insure a successful transaction. What I found really raging is that most buyers that have lost their saving into the hands of one of the unreliable developers could have avoided the loss if they had been aware of the traps and pitfalls that were awaiting them."
"Rene Philippe"

Thailand Property News - July 2010

"Things are looking up for the Thailand property market, with respect to foreign buyers that is. This is because the news on the country and its economy is once again in the green territory. Firstly the recent research report by the highly regarded Global Property Guide has put Thailand on its list of recommended investment destinations on the basis that its political crisis would inevitably end and leave a favourably low cost environment for eager investors. Secondly the political situation is indeed beginning to calm back into normality once again, although, with Thailand, in particular Bangkok, you never know how long it will last but always hope that this time it will be forever. On this occasion it is unlikely to be a permanent calm. The other news is that Thailand is entering a new set of bilateral agreements with Turkey. Turkey is set to be the fastest growing economy in Europe and one of the fastest in the world in the coming months to years, making Thailand linking up with it inevitably a good thing for the Thai economy. Thailand's property market saw a massive foreign investment boom in the early noughties, with the focus being almost solely on the capital Bangkok, where property prices grew by over 100% in 4 years".
property-abroad.com

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