Land And Property Values In Thailand

[david96]

How does land and property values compare with the UK,USA, and in my case Australia?

Are they undervalued,or overvalued?

One could use PPP ( purchasing price parity) to compare values.There is also the return on equity and capital gains(or loss).

Perhaps some of the Thaivisa economists may be able to answer some of these questions.

[baht&sold]

Sensible enough question but the majority of Expat buyers are usually comparing Mallorca or Cancun prices to say Phuket or Hua Hin etc and diving right in. Looks great to them, on that comparison. Annoys the heck out of others who are here on the ground full time, waiting and watching, screaming the prices are out of order. Round and round we go.

Meanwhile, prices continue to rise and is it artificial? Ask many that either doubled their money, or others who can't seem to sell. As stated before, a property sale will get precisely what someone will pay for it, no more, no less.

Return on Equity? A lady I know in Hua Hin bought a nothing special condo 2 years ago for 750,000 and sold it for 2.5 mil after putting 200,000 and a lick of paint etc into it. Yet, the rent in the place wouldn't fetch 10k month. Go figure. She's now bought a bigger one and hopes to double her money in a few years. Point is, she loves where she lives, so is happy regardless. That's key. (don't shoot the messenger pls;)

PS, we're building a transparent Multiple Listing Network in Thailand at present and it will be interesting to compare ask/sell prices and regional pricing/sales, timeline of listing etc in the near future, across Thailand, which we'll publish.

http://www.bahtsold.com