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