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Economic growth boosts Thai property market

Article Date : Monday, July 02, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Ongoing economic growth in Thailand has led to a significant boost in the country's property market, creating fresh opportunities for investors and signalling continued growth in the future.

With annual capital growth of between ten and 15 per cent, the market offers profitable investment opportunities and is subsequently seeing an influx of buyers looking for attractive property investment opportunities.

Swift economic growth underpins this property boom and is likely to have an accumulative effect as property growth leads to increased tourism.

Figures from Aston Lloyd & Partners show an increase in sales during the past three months, coupled with a steady increase in property prices in desirable locations.

It is thought that these conditions are conducive to increased activity among private buyers and buy-to-let investors alike, in line with increased demand for housing and accommodation.

Meanwhile, reports from Obelisk International highlight a strong economic recovery in Thailand following the Tsunami in 2004, with strong tourism, inward foreign investment and sustained interest from foreign investors.
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