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Some property brokers and analysts forecast a 20-30 percent price correction as resort-grade property
by Greg Lowe

Some property brokers and analysts forecast a 20-30 percent price correction as resort-grade property undergoes a decline similar to plummeting markets in Hong Kong, Singapore and London. Others said the lack of buyer and developer leveraging means sales will simply stagnate until the market picks up within the next two years.

Resort-area sales are seizing up inline with the rest of the country´s property market, parts of which have been in trouble for two years, said Robert Collins, managing director Savills (Thailand). Read more…