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Back to the streets

June 1st, 2009 · No Comments

Renewed unrest on the streets of Bangkok has done little to boost confidence in the real estate market
by Greg Lowe

While the double-impact of economic downturn and political uncertainty will scare-off many potential investor’s in Thailand’s real estate market, it could also provide bargain hunters with better opportunities. The political turmoil will weigh down already deflated property prices, which may contract by 30-50 percent, according to industry sources.

“The continued political unrest and recent violence has exacerbated already challenging conditions for Thai real estate,” said Suphin Mechuchep, managing director of Jones Lang LaSalle Management Limited. “Across the board, foreign investors have remained cautious with some postponing and even cancelling new investments in Thailand.” Read more…

Tags: Asia Property Report · news · property · Thailand

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