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Purchasing a condominium unit аѕ a long-term investment іѕ emerging аѕ аח іחtеrеѕtіחɡ investment option іח light οf political аחԁ economic uncertainties, tһе falling interest rates, tһе downturn οf tһе stock market аחԁ tһе falling yields οf government bonds, according tο international property consultants CB Richard Ellis.
The property market, especially the residential sector in the greater Bangkok area, will gradually recover in 2010, thanks to the effects of government stimulus packages, property experts said.
However, the luxury-hotel, serviced-apartment and office markets, as well as that for luxury residences in resort destinations, will continue to struggle, the experts said.
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The entire property market except the industrial sector and serviced apartments is showing signs of recovery as the political situation, the government’s stability and policies to promote foreign investment are helping revive foreign demand.
Aliwassa Pathnadabutr, managing director of the property consultant CB Richard Ellis Thailand, said 2010 had begun with better market sentiment. The improving global economic outlook and brighter perceptions of Thailand’s political situation, together with lower prices than other mature property markets had restored confidence in investing in Thai property.