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Thailand’s property market is stable

Posted on 14 November 2012

Those looking to buy property in Thailand will be pleased to hear that the market is stable and will continue to be so. Analyst Alisa Tamprasirt from the SCB Economic Intelligence Center (EIC) told the Property Report that people should not fear a price bubble as a result of the rising prices experienced over the last four years.
“A real estate or property bubble is characterised by rapid and continued increases in valuations of real property, causing speculation. But it’s difficult to classify which demand is real and which is speculation,” she explained, adding that the recent price rise in Thailand was a result of economic growth, low interest rates and high construction costs………………………………………..Full Article: Source


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