Thailand is one country that has shown great positivity in maintaining its economic stability. The economy still runs evenly despite political pressures in the last decade. Investors have still found Thailand a popular choice for real estate development. Most of them have gotten used to the upheavals. Recently, report shows a significant price rise for property development in Thai market. Before your purchase, get familiar with the law in Thailand first.
The prices of major residential estates have increased by almost 190 percent in the past two years. The pricing is such that its affordable to very few buyers. The increment has been significant in cities such as Kuala Lumpur, Bangkok, Phnom Penh as well as Jakarta. The increasing prime land prices can be seen amid high demand and tight supply. However, buyers are still eyeing the downtown and midtown markets although recently it has become difficult to purchase property in the downtown with the increasing prices. This has reduced the size of the potential markets.
Competition in major development sites continues to be high as usual. This has caused developers and investors to start looking overseas for opportunities. On the contrary, reports show an expected increase of buyers from overseas. This follows the demand in condo property as earlier mentioned. In this case, Phuket still remains a favorite with the highest tourism visits in south east. Tourists quickly become property investors as the climate is great and the area has very great scenery. The West coast is also very popular especially in areas such as Patong which has a great sea view. The entertainment joints around the region are also attractive to buyers including the accessible beaches.