Dr Andrew M Goodman wrote this article for thailawforum “Thailand’s Condominium Bubble a Reality or Myth” and it makes interesting reading for every potential investor in Bangkok’s condominium market.
Goodman reminds us that historically real estate has been considered to be one of the best investments to make.
Chaninat & Leeds attorneys have been helping foreigners with condominium laws in Thailand since 1997
According to some reports, In the real estate market in Bangkok, condominium prices have significantly increased recently, and that this has happened in an otherwise tough economic climate. New investors should also note that advertising for condos in the city are becoming increasingly hyped in an attempt to justify higher prices.
Further, the real estate market in general regularly falls victim to unpredictable short-term fluctuations in price; caused by political factors, demand factors, demographic factors involving the movement of people, as well as the building of shopping or school facilities or transport services along with a myriad of other price impacting factors.
Read the full article here
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