buying property in thailand
January 19, 2009
Thailand’s property market is unlikely to recover from the current slowdown until 2011, according to Aliwassa Pathnadabutr, managing director of real estate advisers CB Richard Ellis Thailand. According to CBRE, prices and transactions across all segments were down Q4 2008, and the market may retreat another 20%, the biggest fall since the 1997 financial crisis.
More on Buying Property in Thailand – Wait – No recovery until 2011