In Depth: World's Up-and-coming Real Estate Markets

[LaoPo]

From Forbes:

In Depth: World's Up-And-Coming Real Estate Markets

# 5. Thailand

The two most significant markets in Thailand are the Bangkok condominium market and the Phuket villa market. Bangkok also features a prominent rental market, into which many investors have jumped in recent years, according to Knight Frank. Production in Bangkok has extended beyond the luxury market and into the moderately priced sector (for research purposes, Knight Frank classifies the country's housing as "moderate," "high-end" and "luxury"), as broad-based demand has driven construction. In 2007, Phuket experienced similar results, and most of the growth there came in the high-end market--with prices surging 25%--while in the luxury market, prices jumped 2%.

From: http://www.forbes.com/2008/04/01/housing-g...thisSpeed=20000

Read the whole story:

http://www.forbes.com/2008/04/01/housing-g...realestate.html

LaoPo

[bingobongo]

Knight Frank eh? of course a real estate consultancy would say things are peachy in Bangkok and Phuket, after all that is where they are "ready to assist"........have you ever heard a real estate agency say dont buy?

http://www.knightfrankthailand.com/en/

[quiksilva]

Well actually all we have done is reported on market trends, the actual measurable observations.

You will have noticed many comments in the local press recently from our Managing Director in Thailand Khun Phanom Kanajanathiemthao who has talked at length about the market and has been quite candid about the situation.

As many already know I am a Director of Knight Frank in Thailand but do not operate in the residential sector. However my views on the market are here for all to see.

Its always your decision on whether to buy or not, we provide the information that we trust will help in the decision making process.