Thursday, January 7, 2010

Thai property market lagging Asia

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.


More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.

China's economy is likely to exceed Japan's within the next two years, the report said.

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