{"id":9152,"date":"2020-08-27T16:54:22","date_gmt":"2020-08-27T09:54:22","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=9152"},"modified":"2021-06-04T15:39:28","modified_gmt":"2021-06-04T08:39:28","slug":"thai-real-estate-deemed-as-one-of-the-most-promising-markets-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/thai-real-estate-deemed-as-one-of-the-most-promising-markets-in-southeast-asia\/","title":{"rendered":"Thai real estate deemed as one of the most promising markets in Southeast Asia"},"content":{"rendered":"

Investors are already gearing up and preparing<\/span><\/span>\u00a0for<\/span><\/span>\u00a0future transactions in the kingdom<\/span><\/span>\u00a0<\/span><\/p>\n

\"\"
Wat Non Kum in Nakhon Ratchasima, Thailand. apiguide\/Shutterstock<\/figcaption><\/figure>\n

Like any other real estate market around the globe, the COVID-19 pandemic has caused\u00a0<\/span>real estate\u00a0<\/span>activity in\u00a0<\/span>Thailand<\/span>\u00a0<\/span>to\u00a0<\/span>significantly\u00a0<\/span>d<\/span>rop<\/span>, but investors<\/span>\u00a0believe that the market sentiment will cool down soon<\/span>, which is why they have already started to prepar<\/span>e for<\/span>\u00a0future investments in one of the most promising markets in Southeast Asia.<\/span>\u00a0<\/span><\/p>\n

Before the onset of the pandemic,<\/span>\u00a0<\/span>Business News Asia<\/span><\/a>\u00a0revealed that<\/span>\u00a0<\/span>these investors expected a\u00a0<\/span>five to seven percent growth\u00a0<\/span>in 2020<\/span>, particularly\u00a0<\/span>because\u00a0<\/span>the kingdom is renowned for being a tourist hub and a thriving centre for manufacturing activity<\/span>, making it a popular real estate investment\u00a0<\/span>hot<\/span>spot.<\/span><\/p>\n

By the end of 2019, real estate consultancy CBRE\u00a0<\/span>predicted\u00a0<\/span>a\u00a0<\/span>p<\/span>r<\/span>omising future for<\/span>\u00a0Thailand<\/span>\u2019s<\/span>\u00a0real estate in 2020, thanks to<\/span>\u00a0the\u00a0<\/span>rising\u00a0<\/span>investment in lifestyle real estate<\/span>\u00a0and\u00a0<\/span>the\u00a0<\/span>growing\u00a0<\/span>attention given to cutting-edge facilities such as automation<\/span>.<\/span>\u00a0<\/span><\/p>\n

But s<\/span>ince the outbreak,\u00a0<\/span>investors had to postpone making big purchases and foreigners who owned resorts found\u00a0<\/span>their properties<\/span>\u00a0<\/span>difficult\u00a0<\/span>to maintain<\/span>\u00a0<\/span>during the economic climate, which led to several of them\u00a0<\/span>pulling<\/span>\u00a0<\/span>out of the market<\/span>\u00a0and c<\/span>losing\u00a0<\/span>up shops<\/span>.<\/span>\u00a0<\/span><\/p>\n

More: Thailand sets smart cities in motion in the ASEAN region<\/strong><\/a><\/p>\n

Despite this gloomy market update, experts foresee that the economy will\u00a0<\/span>soon\u00a0<\/span>bounce back<\/span>, driven by investment flux from Chinese and European investors. \u201cForeigners who are looking to buy a property in Koh Samui, Bangkok, or Pattaya in Thailand, will find many interesting opportunities to make the right investment,\u201d\u00a0<\/span>added\u00a0<\/span>Business News Asia.<\/span><\/p>\n

Since international tourism will remain at a standstill for several months or even a year,\u00a0<\/span>experts noted that most of the major investments will\u00a0<\/span>be focused on lifestyle condominium apartment segments that can also serve as a permanent residence.<\/span>\u00a0<\/span><\/p>\n

As Thailand\u2019s real estate market\u00a0<\/span>slowly\u00a0<\/span>overcomes the impact of the pandemic, winning developers\u00a0<\/span>of<\/span>\u00a0the\u00a014th PropertyGuru Thailand Property Awards 2019, including\u00a0<\/span>Best Developer Siamese Asset Co., Ltd. And Best Boutique Developer Habitat Group Co., Ltd<\/span>.\u00a0<\/span>w<\/span>ill\u00a0<\/span>definitely have somethi<\/span>ng to look forward to in the near future.<\/span>\u00a0<\/span><\/p>\n

Winners of the\u00a0upcoming\u00a015th Thailand Property Awards\u00a0will be\u00a0presented on 20 November 2020\u00a0via an exclusive gala dinner.\u00a0To find out which developers or projects will\u00a0receive our\u00a0prestigious titles, visit\u00a0<\/span><\/i>asiapropertyawards.com\/en\/award\/thailand-property-awards\/<\/span><\/a>.<\/span><\/i>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Investors are already gearing up and preparing for future transactions in the kingdom <\/p>\n","protected":false},"author":9,"featured_media":20706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[101,92],"tags":[133,286],"class_list":["post-9152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-property-awards","category-news","tag-thailand","tag-thailand-property-awards","news_country-thailand","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"\nThai real estate deemed as one of the most promising markets in Southeast Asia | 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\" 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