From Real Estate TV UK
Residential real estate in Thailand has been strong throughout the first months of 2007 despite political uncertainties, it has been claimed.
Property firm CB Richard Ellis said that concerns had been raised by political uncertainties surrounding the country's interim government, but that sustained demand from buyers had seen continued sales.
Quality condominiums in central business districts in Bangkok have enjoyed 40 to 50 per cent sales to foreigners since 2002, while purchasers in Phuket have "virtually all" enjoyed 50 to 100 per cent capital appreciation, the company claimed.
The firm stated that over the last three months, the level of enquiries it has received has shown that demand and interest in Thai property "remains strong".
In a statement it commented: "Our enquiry levels for resort homes have never been stronger and whilst buyers carefully weigh up political considerations, we are still closing sales and [receiving] deposits in all our offices."
The company stated that it now sees the coastline from Da Nang in the north through Thailand to as far south as Borneo as "the Mediterranean of Asia".
Alan Bevan of estate agent City Residential recently told the Liverpool Daily Post that it is as important for buyers to take as much care when buying a property abroad as they would in the UK.
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