Protests have 'not impacted on Thai property market'

The protests which took place in Bangkok earlier this year have had little effect on the Thai real estate market, property investors will be interested to hear.

According to CB Richard Ellis, there has been little change in the property sector in recent months, and real estate developers are again marketing new projects, reports Property Community.

"There are limited investment choices in Thailand, the stock market is seen as being volatile, the fixed income market is very small and so money is being driven to the property market," said the firm's executive director James Pitchon.

"Interest rates are going to have to rise substantially before people decide that keeping money in the bank on deposit is better idea than investing in property."

Last month, Property Abroad suggested that Thailand's property market could benefit from the political turmoil, with the issues within the nation creating a low-cost environment which will appeal to savvy buyers and is likely to lead to some good yields.
 

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