In what was yet another record month for English language page views to the news pages of Thailand’s number one property website – DDproperty.com – one story stood out beyond others as the most-read during May 2015.
Attracting significantly more interest than any other was the story that suggested that Bangkok’s property market could be facing a bust as opposed to the bubble that many analysis and property-watchers have been forecasting. The gloomy prediction from the President of Thailand’s Association of Real Estate Affairs (AREA) noted worries extended to developers, financiers and the Thai government regarding his forecast of a significant drop in demand for condominiums.
The second and third-most read story last month were both published in April and both attracted identical numbers of viewers.
Pattaya: “It’s just plain ugly” – was contributed by Pattaya property expert Clayton Wade, Managing Director of Pattaya’s Premier Homes Real Estate Co, and looked at the dire state of the real estate market in the Gulf of Thailand city that is “recklessly heading for a crash”, in his words.
Other news that was attracting attention from English language readers last month, again from AREA, was the fact that 14 percent fewer homes will be built this year by developers in Bangkok this year. Interestingly although the number of units is predicted to drop by 14 percent, the total value will only decline by 6 percent – perhaps indicating the move by developers towards more high value properties.
DDproperty.com and its team of journalists publish more than 150 stories in Thai and English every month, and more property news than any other publisher in Thailand. To keep up-to-date with everything that matters in Thailand property news read DDproperty.com’s news pages in Thai and English every day.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
