Samui Luxury Property Market Faces Challenging Times

[bingobongo]

who were the "geniuses" who said LOS was immune? oh yes, now i remember

shall we recap as to which areas are feeling the effects of the downturn and wil continue to do so as more oversupply comes on line?

Bangkok - check

Pattaya - check

Phuket - check

Samui - check

(insert other LOS area here) - check

http://www.property-report.com/property-ne...amp;date=020309

[donx]

who were the "geniuses" who said LOS was immune? oh yes, now i remember

shall we recap as to which areas are feeling the effects of the downturn and wil continue to do so as more oversupply comes on line?

Bangkok - check

Pattaya - check

Phuket - check

Samui - check

(insert other LOS area here) - check

http://www.property-report.com/property-ne...amp;date=020309

The entire world - check

And that includes practically any form of investment.

[thaiwanderer]

''.......Samui´s reputation as a luxury destination has been cemented'' lol

''As the economic crises continues to deepen the gap between expectations on price are becoming more evident, though property values are holding due to limited leveraging by investors.''

- so, property is worth more than people are willing to pay???

- often repeated fallacy, no incountry leverage = no leverage

Edited March 4, 2009 by thaiwanderer

[Boater]

trouble is the market is to overpriced in Samui.... and with the pound where it is it makes samui alot more expensive...

[yabaaaa]

Whats Bingo going to do all day when the economy picks up??

[quiksilva]

Start calling a recession again and then two, three, five or ten years hence say look I told you so when it takes a dip.

[CaptHaddock]

Start calling a recession again and then two, three, five or ten years hence say look I told you so when it takes a dip.

A dip, eh?

[bingobongo]

who was the "genius" who said that Lehman would swoop in and save some of the Bangkok concrete shells? oh yes, now i remember who it was, some people would not know an asset from their own arse

Samui in firing line as Lehman liquidators prepare asset disposal

http://www.property-report.com/property-ne...amp;date=250209