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Real Estate Briefing - Categorized | Asia Pacific, Market Moves more

Thailand property held back by 20 year old law

Posted on 23 May 2011

The Thai property market has failed to reach the same heights of foreign demand as most Asian markets, with the exception of the Bangkok boom years in the early noughties. Foreigners were responsible for 35% of sales in Bangkok’s business district before the crisis, now this figure is down to 20%.
While this can partially be blamed on the state of the US and European economies and the strength of the Thai baht, another huge reason is the lack of mortgages available for foreign buyers……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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