Thailand continues to surge in economic growth month after month, alongside its other Southeast Asian neighbors such as Vietnam, Malaysia, Indonesia, and the Philippines. With the government of Burma a.k.a. Myanmar recently democratizing, there is new economic interest in that country as well. However, the reason why Thailand real estate continues to dominate the Southeast Asian markets is because of Thailand’s long-time relationship with foreigners, also called farangs in the Thai language. For decades, the Thai government has encouraged foreign real estate companies to invest in Pattaya, Hua Hin, Bangkok, and Phuket as tourist destinations that boost the Thailand economy and tourism while creating jobs for Thai citizens. For example, Phuket’s recent clashes with natural disasters such as tsunamis and earthquakes have resulted in mostly foreign corporations losing massive amounts of money, due to their land and property investments in that region. If we are talking about Pattaya, in the Chonburi region, then we can see massive growth in Pattaya apartments and condos such as the popular Mooks Residence Pattaya apartment and hotel building in central Pattaya. This is a great example of how land and property flipping are creating a massive economic bubble in Asia even as the real estate markets in the Western countries have crashed. This is because foreigners are mostly quite rich in Thailand, at least the ones who go around buying condos!
-
-
Recent Post
- Home improvement salesperson make a run for Mayor of Killeen
- Real estate investing: How To Make Money In A Down market
- Health care battle focused on Mass model
- Real Estate profile, March 19, 2012
- Real Estate spotlight, March 16, 2012
- Danielle Proud talking home decor and little touches
- Fairfield County real estate database website deal – Danbury news times Spurn
- Apartment complex proposed for the Waltham/Newton Line
- Radnor bathroom renovation contractor launches new approach to the bathroom …
- Choosing the right moving companies
- Tomlinson closet brings LED lighting for storage Designs
- Modern Home Renovation Contest University sponsors in the House
- A peek inside the room fire that turned the family room
- For some black women, economy and a willingness to help the family financial strain
- Study: licensing rules of cutting the number of real estate agents
- A real family bonding with ventilation via Skype
- House Hunt: Million dollar home
- Some cooperative city became more accepting of dogs
- Small improvements around the House
- Horncastle swimming teacher was chosen as the Olympic torch bearer – this is Lincolnshire
-
Networks
cache: 127 files -
-