Thai Property News

“…. prices will jump significantly once uncertainties over an elected government and changing policies diminishes…..”

Since the Economic Crisis in the late 90’s, investors have realized the importance of quantitative research of the real estate market.  We think  Raimon Land’s,  “Condominium Focus”, published semi- annually is an invaluable tool to help you monitor the Condominium sector in Central Bangkok and Key Resort Areas of Thailand.

“The findings of the latest edition of Condominium Focus show that interest in condominiums in Thailand remains high and that premium developments are still in very high demand from both local and international buyers and investors.” Raimon Land CEO Mr. Nigel Cornick

Outlook

• Condominiums now the most favored type of property amongst local and international home buyers in Thailand.  Raimon Land foresee a bright outlook in this sector of the industry.
• The luxury segment definitely a niche market but still with few developers and very limited supply. Balance of Supply/Demand is healthy, with an active resale market for newly completed developments.
• Property values in Thailand still very attractive and prices will jump significantly once uncertainties over an elected government and changing policies diminishes.
• Developers of residential real estate have just started to tap into the lucrative tourism market available in Thailand. This now represents 30% of the luxury condominium industry but that figure is destined to grow significantly.

Inner-city Bangkok showed steady growth at the top-end of the market, with only a few developments offered in that segment, and selling fast with new price records for quality developments located on Sathorn and Sukhumvit roads.  Meanwhile, strong tourism figures support the expansion of Thailand resort properties. 30% of the total luxury condominium industry is now located in resort areas with solid interest in resort areas close to Bangkok, including Hua Hin and Pattaya locations. Demand in Phuket and Samui is more exposed to international concerns over local currency and policy issues on foreign investment.