{"id":5039,"date":"2020-02-17T12:04:24","date_gmt":"2020-02-17T05:04:24","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=5039"},"modified":"2021-06-04T14:51:48","modified_gmt":"2021-06-04T07:51:48","slug":"2020-thailand-property-market-outlook-coronavirus","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/2020-thailand-property-market-outlook-coronavirus\/","title":{"rendered":"Coronavirus outbreak to further disrupt property investment sales in Thailand in 2020"},"content":{"rendered":"

Without Chinese investors, Thailand\u2019s property market will experience a direct blow<\/p>\n

\"\"
Bangkok office buildings. ArisSuwanmalee\/Shutterstock<\/figcaption><\/figure>\n

The World Health Organisation (WHO) has declared the coronavirus epidemic as a \u201cglobal health emergency\u201d as it continues to plague Chinese cities and countries across the globe today, reported DDproperty<\/a>.<\/p>\n

The growing number of cases and deaths confirmed outside China has brought about global fears, which, in turn, affected the global economy, including the property market in Thailand.<\/p>\n

For the past two to three years, foreigners, particularly the Chinese, accounted for most of the property purchases in the Kingdom.<\/p>\n

More: Limited hotel supply partly to blame for decline in Thailand\u2019s hotel investment volume<\/strong><\/a><\/p>\n

However, the epidemic has started to affect the local economy and the property sentiment of Chinese investors. Recent sales have dropped, deposits have been discarded, and request to postpone ownership transfers have increased.<\/p>\n

Without these investors, Thailand\u2019s property market will experience a drastic blow. As the virus spreads to more cities, the impact will reach provinces depending on tourism for purchasing power and growth of the property market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Without Chinese investors, Thailand\u2019s property market will experience a direct blow<\/p>\n","protected":false},"author":9,"featured_media":20465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[112,608,133],"class_list":["post-5039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","tag-foreign-investment","tag-market-outlook","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nCoronavirus outbreak to further disrupt property investment sales in Thailand in 2020 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/2020-thailand-property-market-outlook-coronavirus\/\" 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