14.03.2013 - Demand increasing for Thailand's luxury residential property
Luxury Thai property is increasingly finding itself in high demand, according to Knight Frank's Prime International Residential Index. The Global Property Guide reported that despite floods in the popular destination of Bangkok, the city saw real estate growth of 9.4 per cent in 2012. Phuket also enjoyed a relatively strong year in the luxury market, up 4.7 per cent to increase the supply availability and return on investment for the city. Condominiums in Bangkok are proving particularly popular. Knight Frank claims that out of 27,084 units launched in the first half of 2012, 16,810 were purchased. This amounts to a take-up rate of 62.07 per cent, from 50.2 per cent in the second half in 2011. Prices have also risen in line with this surge in demand, with condominium values rising by 3.5 per cent from the end of 2011........................................Full Article: Source