Bangkok Property: Prices Up 4.6% In 2009

[Bizz]

12 Bubblicious Global Cities Where Luxury Real Estate Is Booming

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Edited March 24, 2010 by Bizz

[PhiPhi]

2 reasons I can think of.

1. Building material costs increased with price of oil

2. Higher domestic demand for new condo units as Thais are wary of the stock market and savings pay little or no interest

I don't think the resale non-luxury market is faring so well and is quite soft at the moment but no where near as bad as many western nations.

[lannarebirth]

2 reasons I can think of.

1. Building material costs increased with price of oil

2. Higher domestic demand for new condo units as Thais are wary of the stock market and savings pay little or no interest

I don't think the resale non-luxury market is faring so well and is quite soft at the moment but no where near as bad as many western nations.

The suspension or reduction of transfer taxes likely saw a lot more "honest" transfer prices reported.

[Dreams]

Any chances of prices decreasing due to oversupply of condos? Looking to invest in one in Bangkok...need advice pls