Thai beach resort property revival expected

The Thai beach resort town of Hua Hin is expected to experience a property market revival in the next year, it has been reported.
According to Thai newspaper the Bangkok Post, local broker Engel and Volkers has painted a positive picture for the market thanks to numerous buyers overcoming concerns regarding political instability in the country.
It revealed that although prices will not post big gains this year, an increasing amount of potential investors had been expressing an interest in the area, looking to take advantage of potential rising prices.
Oliver Lutzi, Hua Hin office manager of the brokerage, claimed that the market currently belonged to the buyer, with prices reasonably stable due to the fact that “economic turbulence has only had a marginal impact on property” in the region.
Furthermore, the newspaper also reported that the property market in the Thai city of Pattaya will also experience growth this year.
It stated that a pick up of around five to ten per cent was likely to occur thanks to rising property costs.
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