(Source: Bangkok Post)trackingBy Bangkok Post, Thailand
Jan. 7--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 strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region. The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
