Bangkok property business bounces back
Local real estate experts believe the Bangkok property market has fully recovered from the after effects of the devastating floods that threatened to overwhelm the region not so long ago.
Reports suggest that even the worst hit districts including the retail and industrial sectors are completely back in business. House prices in the suburbs are higher today due to the high price of land and higher building costs and the suburbs is the preferred choice of location in todays’ market.
Agents have noticed increasing numbers of buyers searching for a family home are looking for a property, usually a townhouse in the suburbs rather than an apartment in the city. Buyers entering the luxury market tend to be a mix of existing homeowners looking to trade up and property investors hoping to capitalise on rising real estate prices.
The condominium sector continues to be popular with students and couples who have yet to start a family.