Bangkok Property Markets

Title: Bangkok Property Markets
Category: Literature / English | Words: 734 | Pages: 3.1 (approximately 235 words/page)

Bangkok Property Markets

BANGKOK PROPERTY MARKET Weakened domestic demand, slower export growth as well as impact from increasing oil prices and political uncertainty ate up the overall economic growth and resulted in a slowdown in the economy in 2H2000. The economy grew at 2.6% in 3Q2000 from a year earlier, lowering from 6.3% in 2Q2000 and 5.1% in 1Q2000. The restructuring of the real sector including real estate in Thailand is still in the early stages. Despite a reduction in real …showed first 75 words of 734 total…

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…showed last 75 words of 734 total…mortgage rates, the current deposit rates are also as low as or even lower than the prevailing inflation rate. To deposit money to banks will yield depositors less value at the end of the deposit term because the inflation will eat up depositors’ purchasing power. Under this circumstance, to purchase property is considered the better investment alternative rather than saving and we expect a number of investors to divert their investment to strata title properties

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