| From Bangkokpost.com: Thailand's property market is well insulated from the global financial crisis as it is far less dependent on debt than most property markets, said real estate firm CB Richard Ellis Thailand.
Chairman David Simister, as a longstanding player in Thai real estate and resort property, said Thai politics had been troubled for over three years so real estate investors have been cautious. Purchases have been made for use or investment rather than short-term speculation, he said. Also, outside Phuket and Koh Samui, the bedrock of commercial success has been sales to Thai nationals..... Full Article: Source
|