Industry professionals anticipated that there will be a growth of up to 10% in Thailand’s residential property market based on the country’s improving economy.

The Thai government’s investment in infrastructure projects creates demand for residential properties in the suburbs of Bangkok where it is easy to access existing or new mass-transit routes. With an increasing transaction volume, it is predicted that property prices in Thailand could inflate by as much as 5% during 2015.

“The Asean Economic Community’s coming into effect in 2015 will also fuel demand for homes both in Bangkok and in provinces near our neighbouring countries from both local and foreign buyers who use Thailand as their springboard for the AEC,” said Pornnarit Chonchaisith, president of the Thai Real Estate Association.

According to forecasting reports from analysts, as a rule of thumb, GDP growth of 1% translates into property market growth of around 1.5% and following a relatively flat year, residential prices can increase by 5% while land can increase by up to 10% in year 2015.

In recent years, Thailand remains one of Asia Pacific’s most popular investment destinations. Apart from British investors, Chinese have shown a growing interest in condominium investments in suburbs located close to new mass-transit routes. The Thailand property market will continue on its growth and might maximise capital growth and rental yield through strategic real estate investment.

Via IPinGlobal