Phuket Property Watch Your Eyes on Real Estate in Thailand
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A credit crunch is being examined in Thailand, as reported today by bangkokpost.com. This topic is of great interest to property investors and market analysts as it directly affects the availability of finance for property acquisition and development. Meanwhile, Bangkok’s rail system expansion is seen to be directly influencing the growth of new suburbs, as reported by Nikkei Asia. This is a significant development as it opens up new areas for residential and commercial property development and investment. The growth of the railway system is expected to create diverse opportunities for property developers and investors in the emerging suburbs. Further, the energy sector in Thailand is also undergoing transformations which could impact the property market by attracting more investments and creating more jobs, thus driving demand for housing and office space. An interesting development in the property sector was reported by Daily Mail; a property manager sued her bosses for discrimination after they failed to send a congratulatory message on her one-year anniversary with the firm. This incident highlights the human element in the property market and the need for firms to maintain healthy relationships with their employees. Lastly, in a move that could have economic implications, Thai and Lao PMs have witnessed the signing of an MoU to boost bilateral cooperation, as reported by Thai PBS World. This could potentially lead to increased cross-border property investments and developments.
