In Thailand, the demand of foreigners for elite housing

20.09.2010 19:38
To such conclusion experts of the local representation of consulting firm CB Richard Ellis. The estimation was made based on requests from potential buyers from abroad.<br /><br />According to Managing Director Alivassy Patnadabutr, the interest of foreign investors in an elite residential facilities has grown substantially since April-May, when the country is experiencing political unrest, reported Bangkok Post.<br /><br />It is expected that the proportion of foreigners in the total number of customers grows. If in 2008-2009, the figure was 14-16% by the end of this year it should rise to 20-25%, says Patnadabutr.<br /><br />Luxury real estate market in Thailand attracts foreigners, above all, a favorable economic situation. In this case, a stable rate of the Thai baht and high interest rates on mortgages did not deter foreign buyers who purchase property for U.S. dollars and prefer to pay for purchases in cash.<br /><br />The cost of the Thai "elitki" quite low compared to its neighbors in the region - such as Singapore or Hong Kong. In Bangkok, the price of apartments in new buildings ranging between $ 3,9-9,8 thousand for the quarter. m and on average as of the II quarter of $ 5.1 thousand for the quarter. m. This is 8.6% higher than the same period last year. In the secondary market of elite apartments prices by 11%.<br /><a href=""><br /></a><br />
Content tags: Overseas property
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