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Improved Economy and Investors Friendly Legislation Boost Thailand Property

Improved Economy and Investors Friendly Legislation Boost Thailand Property

Improved Economy and Investors Friendly Legislation Boost Thailand Property

Almost all sectors of the Thailand real estate market have witnessed a positive performance and improved sentiment during the first 8 months of 2016 due to stronger confidence, booming capital gains and investment appetite created by increased economic and social stability. Top real estate companies and Realtors agree with this notion that this confidence is most clearly illustrated by the recent announcement of the real estate projects by trusted icons and renounced developers of Thailand like Siamese Assets, Woraluk (W-Properties), Land and House, Areeya, Pruksa and Sansiri which will serve as an extension for the fast growing and expanding Bangkok city, Due to these developmental projects CBD is going to witness a remarkable development and will touch the new zeniths of expectation.

The research indicates that residential sale prices have continued to increase across Thailand in the first quarter of the year with office rents increasing in Bangkok and retail rents moving further upwards over the past quarter.  The hotel sector has also recorded remarkable performance with high influx of tourists and hotel occupancy rates. And this growth in both tourism sector and other parts of the real estate market is expected to continue benefiting the economy of Thailand because of the increased levels of foreign investment coming into Thailand. According to BOI, the investors that are more willing and confident to invest in the Kingdom real estate industry are mostly from neighboring rising economies like Vietnam, Cambodia, China, Singapore and Malaysia.

The research points out that Thailand’s residential market continues to recover with improved sales figures as a result of the recovering economic and political sentiment and economic reform and investor friendly legislation. Condominiums sales prices increased during 2016 across all the areas monitored by industry researchers like our self (Angel Real Estate Consultancy Co. LTD) as many residential developments have few units left and have increased prices accordingly.

Performance in the rental sector remains more mixed, with some properties experiencing an increase while others are experiencing a reduction due to the unstructured nature of some of local service providers and brokers. But those having rental guarantee from consultants like Angel Real Estate are more immune to this kind of reductions and fluctuations in markets.

For more information about Thailand Real Estate and Condo development and investment opportunities feel free to contact us.

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Angel Real Estate Consultancy

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