Commercial Properties for Sale Pattaya

Posted by TownCountryProperty on March 5th, 2020

The political consequences of the recent election in Thailand are still unclear, particularly with regard to the ownership field. Many things will continue–people are still living in areas and the residential market will remain more or less stable, say Antony Picon, Colliers Research Thailand's Associate Director. 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 emphasized security issues and said many of the players are waiting to see approach in the coming months. "All Bangkok Property Markets, especially foreign investors, depend on the political situation," says Khan. Nevertheless, the effects of political unrest can be seen in other markets such as Hua Hin resorts, more isolated than capital. "Bangkok burned last time, but Hua Hin sold heavily," he said. Besides increasing interest from the UK, Europe, Russia, and China, Khan listed Hong Kong and Singapore as regional players to increase investment. Several policies are under consideration, and several may also influence the property market. One is the widespread zero-percent loans provided by the government house bank. About 5,900 people applied to the bank for these special loans at a total of 8.88 billion bahts only launched in early August 2011. Loans will be interest-free within two years. It offers a mortgage loan at a zero interest rate in households priced below 3 million baht for a 30-year period. The plan provides a full 30-year loan. Payment will be based on bank conditions for subsequent years. The bank will also collect 1% mortgage and 2% loan transaction fees. This project and others are designed to boost home ownership in the country's lower-to-middle classes and were part of the latest government effort to attract votes from that segment, long part of the Red Shirts camp here in Thailand, whose main political party, Pheu Thai, is now in power. Loans will be accepted until this year's end or until credit lines expire. In reality, this initiative and possibly other programs assist developers seeking to enter this market segment. How fast the governing party is now starting to increase its popularity by implementing more economic stimulus initiatives remains to be seen.

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