thegreglowe.com

Thailand´s property market will be hit by the double impact of domestic politics and global economic turmoil next year, but while both prices and demand may fall by up to 20 percent as the Thai economy falters, the market´s sound fundamentals will continue to provide solid medium to long term profits for cash-rich investors.

The lack of debt-driven financing in the local market and a strong banking sector that relies predominantly on domestic deposits, rather than investing in the complex debt instruments at the heart of the current global economic firestorm, provides firm financial foundations for the industry, according to local analysts. Read more…