2012 recovery predicted for Thai property

Mon, 28 Nov 2011 00:00:00 GMT

The Thai real estate market will recover next year, one expert in the industry has stated.

Speaking to The Nation newspaper, chief executive of Raimon Land Hubert Viriot described the floods that have hit Bangkok recently as "a one-off event", adding that it would not affect the firm's expansion plans.

According to the publication, demand for new homes helped Raimon Land's presales climb by 23 per cent during the first nine months of this year, compared to the same period in 2010.

The company has also announced that it will embark on a construction project in Pattaya to deliver a condominium development.

An article written by James Pitchon, executive director of CB Richard Ellis (CBRE) research and CBRE consulting, Thailand, for the Bangkok Post earlier this month predicted that the flooding will have an impact on the city's property market going forward.

He noted that, in terms of residential sales, buyers are likely to favour condominiums over houses as belongings are less likely to be damaged by such natural disasters in high-rise buildings, while there will also be a focus on the flood protection measures in place at specific developments.

Phuket property market 'maturing'

Fri, 20 May 2011 00:00:00 GMT

Individuals searching for property in Thailand will be encouraged by recent comments from the Phuket Chapter of the American Chamber of Commerce.

According to the organisation, the Phuket real estate market is maturing, with investors able to take advantage of the current low prices in the region.

"Following the global financial crisis we have seen a large increase in demand for re-sale property in Phuket and throughout Thailand," Adam Smith, market analyst for Ocean Villas Group, said.

He added that the trend is expected to continue for the coming few years until property investors in Thailand are willing to accept greater levels of risks in exchange for higher returns.

The view was echoed by Andrew Langdon of Jones Lang LaSalle who noted that Phuket is recovering well and comfortably outperforming rival cities.

Meanwhile, CB Richard Ellis recently claimed that limitations on foreign ownership in Thailand are preventing overseas buyers from entering the market.

Real Estate & Editors' Choice News in Thailand from Propertyshowrooms.com

2012 recovery predicted for Thai property

Phuket property market 'maturing'