Even with the existing conditions threatening many Asian countries, all eyes will be on how the tourism industry can recover from the present situation with the coronavirus spreading. With Thailand relying heavily on the tourism industry, the government are looking to bolster local economies with major infrastructure project about to be implemented in 2020.
So, what does 2020 have in store for the property markets? It promises to be a testing time with developers having a more cautious approach. It will undoubtedly be a buyer's market. Thailand has enjoyed a steady growth in the property market, over recent years, but because of the economic climate and the strong BAHT, it has brought uncertainty within the sector.
When buying a condo, there are two choices. The first is to buy a resale condo. This means that the condo is completed and it is most likely being lived in. You would buy this condo from the owner and hopefully you would have the good sense to use a trusted real estate agent such as Gecko Properties.
One of the factors usually taken into consideration when choosing a place to live in is the location. So, what makes for an ideal location? For some, it means easy access to public transportation. You might not think of Pattaya as having a public transportation network, but that would be inaccurate.
When choosing where to live, there are many factors that you will take into consideration. If you have school-age children, then choosing a location that has access to your preferred school will likely be high on your list. International Schools in Thailand have a reputation for providing the highest standard of education to both Thai and foreign students.
There are several things to consider if you are looking to buy a property in Thailand. Also, many rules and regulations that you have to look at before you make a purchase. One of the easiest ways is to buy a condo. As a foreigner, you are allowed to own a condo, unlike a house which needs to be in Thai or company ownership.
Is a healthy home currency always a good sign that the country is performing well? But who does it help, there is always winners and losers? So how is the strong Baht affecting sales and the real estate market generally? What is facing the man on the street or the foreign investors out there? How do the developers, real estate agents, weather the storm and think out of the box in the present situation?
Like anything in business things don't always go as planned, but experience teaches you who to deal with and who not, this is why I always advise my clients to select the right agent, one that provides real estate services to an expected standard being both trustworthy and honest with all their dealings.
The Panora Pattaya is an elegant new condominium project, being developed by Mida Property Co., Ltd., located at 352/240, Pratumnak Soi 5, Nongprue, Banglamung, Chonburi. Panora Pattaya features a single building, having an impressive 38 floors and includes 342 units. There are a range of studio, one bedroom and two bedroom units. The project is slated for completion in December 2020.
The ever-changing landscape of what is Thailand Real Estate can be accredited to some key national and international factors. The upbeat global outlook at the turn of the year, in turn, influences investment from leading financial institutions, property developers and operators, private owners, equity partners, property funds and investors. Decisions are now based on extensive market research and statistics from leading analysts. Technology also plays a leading role in how real estate gets done.