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Article #179: Whats Affecting the Thai Property Market?

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Whats affecting the Thai Property Market? but the opposite occurred more deals went
There are many people asking the question through. However many thought the
why has after a step and prolonged rise draconian visa rules would be relaxed but
in the Bangkok property market are prices they were not, 'The Thai government on
slowing? There are a number of factors, Friday announced new visa regulations for
usually these are attributed to rise in tourists limiting the foreign visitors to
interest rates or slowing of the economy a maximum stay of 90 days each every six
but in the case of foreign buyers these months in order to ease social problems
factors hardly contribute to their and crime in the country.MCOP reported.
purchases. In September 2006 the Thai This contributed to buyers lessening but
military staged a popular coup to depose not by much. There were also changes made
the popular but corrupt Prime Minister to the company formation where rules were
Mr.Thaksin. enforced that made buying a house or land
'The coup caused little stir in Bangkok's under a Thai company, this shook the
popular tourist districts, where popular costal resort market greatly.
foreigners packed beer bars and cabarets Another event that caused major confusion
just a few miles from where the tanks was the central bank imposed a 30% rule
were posted', AP reported due to capital inflows that meant you had
Many thought this would have an effect on to park this percentage of your funds
foreigners buying property in Thailand with the bank for one year.






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