According to Thai Home Construction Association,new-build property demand in Thailand is pushing up prices in the country, with growth particularly strong in the north, north-east, and south.
The Association noted prices in these areas have risen by between 15 and 20 per cent in the opening three months of 2012.
The Association noted prices in these areas have risen by between 15 and 20 per cent in the opening three months of 2012.
Property Showrooms reported that the surge is partially due to wealthier Bangkok residents looking to buy a second home outside of the capital, where growth in the first quarter of the year was marginal.
Potential buyers have had to make quick decisions in order to secure a purchase and the surge in demand has also resulted in a labour shortage, with president of the association Sitiporn Suwanasut noting this is a particular concern in the Bangkok area.
He also stated that many provincial workers who had relocated to the capital went home during the floods last year and have yet to return.
According to Property Showrooms, foreign investors keen to buy property in Thailand may want to look towards the south of the country and destinations such as Koh Samui and Phuket these are proving popular with tourists.
By Property Report
Potential buyers have had to make quick decisions in order to secure a purchase and the surge in demand has also resulted in a labour shortage, with president of the association Sitiporn Suwanasut noting this is a particular concern in the Bangkok area.
He also stated that many provincial workers who had relocated to the capital went home during the floods last year and have yet to return.
According to Property Showrooms, foreign investors keen to buy property in Thailand may want to look towards the south of the country and destinations such as Koh Samui and Phuket these are proving popular with tourists.
By Property Report
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