Hot! Thailand Real Estate Market: Boom or Bust?

Thailand real estate marketThere were contradicting reports regarding the Thailand real estate market recently published on the country’s national papers.

According to The Nation, the Thai real estate market is one of the economic bubbles that pose a danger to the Thai economy. Many economies are suffering severe pain in the aftermath of the bursting of their real estate bubbles, such as Japan, the US and Spain among others, according to Thanong Khanthong of The Nation.

However, in contrast, the Bangkok Post has published an article stating that the Thailand real estate is booming as consumer demand in all regions is on the rise. Further, the Thailand real estate market prices are forecast to increase by 5-10% in 2013 with more properties underway for small and big developers.

For foreigners living in Thailand, acquiring ownership interest in Thailand real estate requires precaution and legal assistance from a real estate attorney. The law firm of Chaninat and Leeds has published the complete English translation of the Thailand Condominium Act and the Thailand Land Code in text book which can be found in many bookstores and which may provide information on Thai regulations prescribing the rules, procedures and conditions of land acquisition for residential purposes by foreigners.

Related Articles:
Buying a Condominium in Thailand
Thailand’s Condominium Bubble a Reality or Myth

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