Currently: 507,653 Listings of Properties for Sale

Property in Thailand set to see good growth in 2012 despite regulations

Property in Thailand set to see good growth in 2012 despite regulations

Property in Thailand set to see good growth in 2012 despite regulations

By: Nick Marr -  Category: Thailand - Added: 2012-06-21


Property experts believe that property in Thailand will see good price growth in 2012 despite the sector being ‘hampered by regulations’.  While the property market in the Asian country is healthy, many Thai property specialists believe that growth would be higher were it not for new city plans.

Keep reading to learn about the prospects for the Thailand property market in 2012.

Thai property market set to grow by over 5 per cent in 2012

According to predictions from the Thailand Finance Ministry, the property market in the country will grow 5.2 per cent in 2012.  This is broadly in line with the general economy, with overall GDP growth expected to be 5.5 per cent.

However, regulations in the sector may hamper growth in the property market.  According to the Bangkok Post Thongchai Busrapan, president of Noble Development Plc, has expressed concerns that regulations, down payments, and price supports will hamper growth in an otherwise healthy market.

Many of Thailand’s top developers believe a new US style city plan will reduce urban density.  The newspaper reported that Thailand’s floor-area ratio (FAR) determines the size of a building compared to the land on which it is built. That means a 1:15 ratio means one square metre of land can have 15 square metres of building on it.

Mr Thongchai recently told a property seminar: “Thailand should have superblocks or more flexible FAR zoning, with higher FAR near public transportation to attract property development.”

Thongchai suggested that FAR rights should be transferable in order that a high-rise project developer could buy FAR from a nearby development with additional FAR.

Another area that concerns developers is the proposal to prevent buildings higher than 23m being constructed on roads less than 16m wide.  As many of Bangkok's roads are narrower than this, the restriction would prevent high-rise development and affect land prices in the city.

Now is the time to sell UK property
By:  -  Category: United Kingdom - Added: 2014-07-28
Sales of UK property are slowing down
By:  -  Category: United Kingdom - Added: 2014-07-23
Viewings of London property up 10pc
By:  -  Category: United Kingdom - Added: 2014-07-21
Cambridge: The fastest selling place in Britain
By:  -  Category: United Kingdom - Added: 2014-07-18
Does love at first viewing exist?
By:  -  Category: United Kingdom - Added: 2014-07-16
Sales of property in Canada up by four-year high
By:  -  Category: Canada - Added: 2014-07-07
Price must be right for London property to sell
By:  -  Category: United Kingdom - Added: 2014-07-04
Pending and existing home sales up in USA
By:  -  Category: United States - Added: 2014-07-02
1 in 5 sellers fetch higher than asking price
By:  -  Category: United Kingdom - Added: 2014-06-24
Increasing London house prices inspire sellers
By:  -  Category: United Kingdom - Added: 2014-06-16
US house prices rise for 20th month in a row
By: Laura Varley -  Category: Mexico - Added: 2013-12-05
Cyprus property market turning a corner
By: David Howells -  Category: Cyprus - Added: 2013-12-05
Australian property market growth slows
By: Michael McFadyen -  Category: Australia - Added: 2013-12-04
Emigrating Britains prefer to stay in Europe
By: Richard Towey -  Category: France - Added: 2013-12-04