Look To South-east Asia For New Markets, Buyers Told

Look to south-east Asia for new markets, buyers told

Article Date : 29 March 2007
News Section: Thailand

Overcrowding in China's property market has prompted overseas buyers to look to other countries in south-east Asia, according to Property Frontiers.

Foreign buyers are increasingly looking to the likes of Thailand and Malaysia, which are dependant on the Chinese economy, but are not as restricted in terms of foreign investment.

Spokeswoman Marsha Lu said that China was a very successful destination for overseas investors last year, but economic and political manoeuvres effectively shut down the market.

"China's currency value was increasing, so the central bank had lots of pressure on maintaining the value of Chinese currency," she said.

"Therefore, they actually issued seven regulations last year to try to slow down foreign investment."

However, buyers interested in Thailand or Malaysia need to be "quite cautious" and make efforts to understand the political situation in these countries before making a long-term commitment.

Earlier this month, Thailand scrapped the majority of capital controls that were imposed in December. However, investors have been asked to take hedging measures to avoid profiting from fluctuations in the currency.

Like this? Then share with your friends and colleagues!

Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Look to south-east Asia for new markets, buyers told

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Thailand for You

Subscribe to This Feed

Property News in Thailand

Property News Search

News Archives