Confidence levels among property buyers in Thailand’s resort markets have returned following May’s coup, according to real estate firm Colliers International Thailand.
Sunchai Kooakachai, Associate Director, noted that a recovery in Cha-Am, Hua Hin, Pranburi, Phuket and Pattaya is well underway, with condominiums priced below THB4 million selling fastest.
He added that markets which rely more on Thai buyers will be the first to pick up.
Thai buyers dominate in Cha-Am, Hua Hin and Pranburi he said, adding that Chiang Mai also witnessed strong sales at projects in good locations.
"Amid crisis, there were some buyers taking the chance to buy units at bargain prices," he said.
Colliers also revised the estimated number of new condo units that are expected to be launched in Bangkok during 2014 to about 50,00. Previously the figure was 40,000.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Catch up on news you need to know from last week.
Overseas interest in Thailand property up in May
Call for property tax cuts
Record year for Khao Yai property
Stress test for Bangkok’s suburban property markets
If you have a news story or comment for publication about Thailand property or real estate email: andrew@propertyguru.com.sg