The Thai real estate market is decidedly split. In general, buyers are increasingly constrained and finding it difficult to fund or finance purchases. The average Thai is being held back due to persistent slow economic growth and high levels of consumer debt. However, in the centre of Bangkok and at the high end, the story is very different....
An important engine of growth for Thailand, the construction sector is acting as a hedge as many other sectors face challenges in the form of global economic weakness and tepid consumer demand. Together with tourism and, to an extent, finance, construction is keeping the slowdown from becoming too severe. The Thai real estate market is decidedly split. In general, buyers are increasingly...
Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.
Following two challenging years, during which the country has experienced slower overall economic growth and reduced spending on large government contracts, the construction industry came roaring back to life in 2015 with the strongest growth rates on record. The resurgent construction sector expanded by a whopping 15.8% in 2015, making up for...
Buoyed by robust domestic demand and persistent foreign interest in Thailand as both a desirable location for vacation homes and a commercial base within the ASEAN community, the Thai real estate sector continues to perform well even in the face of slowing regional economic growth. In late 2015 the sector showed a significantly improved...
How have Thai contractors reliant on government projects managed the shortage of work being released in 2015 and previous years?
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