The value of property in Thailand looks set to keep heading upwards, new estimates suggest.
According to a report by Knight Frank, real estate in the Asian country is likely to experience “modest” price increases during the coming months.
“Despite large amounts of supply, increasing labour, construction and land costs are being passed on from developers to purchasers,” the firm observed.
Continuing growth could ensure Thailand remains a good option for overseas property investors this year, given the economic turbulence in other parts of the world.
However, Knight Frank noted the wider Asia-Pacific region is not immune to the effects of the continuing debt crisis in the eurozone.
This means that, if gross domestic product in Europe slumps by a significant amount, economies in Asia are likely to be affected too, which would in turn impact on property markets in the region.
The forecast comes after Property Report pointed out the city of Chiang Mai offers good growth potential and has performed relatively well when compared with other parts of Thailand.Article by +Peter Mindenhall on behalf of Propertyshowrooms.com
ที่มา : propertyshowrooms.com
อ่านเพิ่มเติมได้ที่…Thai property price rises ‘expected to continue’
Thai property price rises 'expected to continue'
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