(What is this?)
Home > Thailand > Property > News : Thailand 'unaffected by US housing market problems'
Not registered?  Join IPIN now FREE   |  Forgot password?

Thailand 'unaffected by US housing market problems'

Article Date : Thursday, August 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

The recent housing market decline in the USA is unlikely to impact upon the economy in Thailand, according to one expert.

Suchada Kirakul, assistant governor of the Bank of Thailand, said that investors are losing confidence in the US dollar and choosing to look to other markets instead, Thomson Financial reports.

"But in Thailand we have several measures to monitor capital flows, while the property market has not over-expanded," Ms Kirakul said.

Although the news provider reports that concerns have been raised that the US mortgage market may have had a negative impact upon Asian stocks, the problems faced by investors in the US are "certain" not to happen in Thailand, Ms Kirakul stated.

Last month, James Pitchon, executive director of CB Richard Ellis Thailand, said that the country is in a "very strong" position to attract foreign retirees and second home buyers, the Bangkok Post reports.
Listing Separator

Related Articles

  1. Thailand 'looking at relaxing foreign ownership rules'
  2. Thai market falls on US bailout uncertainty
  3. Suvarnabhumi going for 'top 10' airports
  4. Govt to continue with economic stimulus package
  5. Somkid: Govt can overcome economic woes



Listing Separator

Let us search for you Let Us find Property in Thailand for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Thailand.
Let us searchHelp me find property in Thailand


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Thailand
Channel: All

More RSS FeedsGo

Prices from only 585,853 AED

High yield commercial and residential investment opportunities. Arjan is a district in high demand at the heart of 'New Dubai'. Early entry investment, with 10 & 20 year leaseback options.

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo