thegreglowe.com

Political stability must be achieved before any government initiatives to stimulate Thailand´s flagging residential property market will be able to restore confidence, according to industry chiefs and analysts. Extending the current tax breaks for developers and buyers may take the sting out of any downturn but will fall far short of its target without more aggressive action to liberalise foreign investment in property, support home loans and provide incentives for first-time buyers, they said.

Foreign and domestic buyer sentiment has been hammered by the double impact of the global financial crisis and entrenched domestic political turmoil. Investor confidence will remain shattered unless the government, its agencies and the security forces can enforce the law and make serious moves towards a peaceful reconciliation, experts said. More…