Property Investments Thailand

Posted by TownCountryProperty on December 15th, 2020

The political implications of Thailand's recent election are still unclear, especially with regard to the ownership sector. Many things are going to continue, people are still living in areas and the residential market will remain more or less stable, says Antony Picon, Associate Director of Colliers Research Thailand. He said It may take time for foreigners to come back en masse," he said some foreigners may have found the political turmoil of recent years very disturbing." Picon stressed security concerns and said many of the players are waiting in the coming months to see approach. "All Bangkok Property Markets, especially foreign investors, depend on the political situation," says Khan. Nevertheless the consequences of political instability can be seen more isolated than capital in other sectors, such as Hua Hin resorts. "Bangkok burned last time, but Hua Hin sold heavily," he said. Khan listed Hong Kong and Singapore as regional players to raise investment, in addition to rising interest from the UK, Europe, Russia and China. There are several policies under consideration, and several may impact the property market as well. One is the widespread zero-percent loans that the state house bank offers.

Approximately 5,900 individuals applied to the bank for these special loans for a total of 8.88 billion bahts that were only introduced in early August 2011. Loans within two years will be interest-free. It provides a zero interest mortgage loan to households priced below 3 million baht for a term of 30 years. There is a full 30-year loan included in the contract. Payment for future years would be dependent on bank conditions. 1 percent mortgage and 2 percent loan transaction charges will also be paid by the bank. This and other projects are aimed at improving home ownership in the lower to middle classes of the country and were part of the latest government attempt to win votes from that segment, a long part of the Red Shirts camp here in Thailand, whose main political party, Pheu Thai, is now in control. Loans will be approved until the end of this year or until the lines of credit expire. This initiative and probably other initiatives are potentially supporting developers looking to reach this segment of the market. It remains to be seen how quickly the ruling party is now beginning to grow its support by introducing further economic stimulus measures.

Check your property at https://towncountryproperty.com