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THAILAND HOUSING SITUATION 2009 Property sales in most centres have slowed & but Thailand is not badly affected by the subprime crises as at April 2009. But properties may drop as people realize their financial situation deteriorates. In places like Pattaya as at November 2008 the tourism figures have dropped 50% and theres many condos not started construction and some have slowed due to the lack of buyers--Pattaya also has a gflut of buildings. More foreigners are staying home as the crises bites into all economies & Thai Banks are not saying much to help with lower interest rates & Bank fees which are over the moon -- the Thai families that owqn the Banks want to extract as much out of people as possible & even the fees to withdraw from another town are not documented and should not be passed on to account holders. It will be a buyers market next year as more Thais need to shed properties they don't need or cannot forfeit on their mortgage payments. Many condo complexes in places like Pattaya have stopped & there will be a surge of unfinished condo units soon as people are now wary of investing in condos that are not finished to completion. Developers rely on at least 22% pre sales to stay ahead of their borrowing and without unless they have the cash they themselves will end up in deep water. In Chiangmai the situation is no better and a lot of this is due to the political unrest which does not assist foreigners wishing to buy in Thailand. Some hotels have been built with thoughts of a Casino happening but theres now too many Guesthouses & Hotels. FOR AN UP TO DATE ANALYSIS OF THAILANDS BANKING SITUATION GO TO: 
WHY CHOOSE THAILAND : Thailand is relatively safe and has all the amenities that a pensioner or foreigner could want. It has many hospitals and clinics within easy reach and maid service to look after you. For instance Chiangmai has 22 hospitals and over 400 clinics, the most advanced Dental hospital and Bangkok has the worlds top Hospital Bumrungrad so what more does one need with many pharmacies selling generic made pills & cheaper than the west. It has excellent food fresh as can be, a beautiful climate year round that changes little and the transport services will not break your bank account and are excellent, whatever one wishes to travel on. Just think about it you can hire or buy a vehicle and a small house will cost only 1m baht above -- now is this a lot of money. Remember the Chinese saying "have only what you need and leave the rest at home". I bet know you say that big house back home did we really need it? You will find many foreigners who buy and build big in Thailand actually regret it 5 years down the track and wish they bought a modest house. Thailand has lovely people, no attitudes and a well organised cultural system that we can only envy. The Thais look after their people which is a far cry from many westerners who put their old folk in homes to spend their last days so they can make more money and be oblivious as to what their mums and Dads struggled to raise them to teenages. Well the Thai like the NZ Maoris do not do this. The choice is yours but even with websites you visit, remember this, we have been around on the web now for 10 years and we also own excellent real websites: www.bangkokrealty.biz & www.chiangmairealty.com are part owned by Kiwis and Thais & we work great as a team.
Check this website for all law & accounting and expats services including Call Center info and
LAND AREAS: 1 rai = 4 ngarn = 400 wah2 = 1600 m2; 1 talang wah = wah2 = 4 m2; 1 acre = 2.53 rai & 1 ha = 6.25 rai
WHY USE OUR SERVICES:
[ THAI LAW HELP SERVICE ]: We have many more properties. Just ask us. Let us broker your business or property. If we don't sell we don't charge you. Selling or wanting to Buy a Guest House, Restaurant, Business, Bar or Office then just ask us. We do not charge you to find your business. We even guide you to the best deal & help you form a company, partnership, year visa, agreements, leases, accounting services, taxation etc right to offering you FREE hardcopy promotions if you use our services.[ Thailand Property Update 2008 ] [ Thai Property speculation & subprime ] [ Thailand Property Vs the West ] [ Read Thailand Property Hedge funds ] [ Thailand Property Investing ] [ Bangkok Bank lends to foreigners ]
Check out Thai expat Law forum above Thailands only Law Forum for all your questions on Property to problems you have!! USE THE BELOW CURRENCY CONVERTER TO CONVERT YOUR CURRENCY INTO THAILAND BAHT
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