In Thailand, developers will reduce the volume of condominiums in 2019

В Таиланде застройщики сократят объем кондоминиумов в 2019 году

In Thailand, developers will reduce the volume of condominiums in 2019

Developers will reduce the amount of condominiums in Thailand next year. Developers are expected to shift to low-rise housing, despite the current modest demand for this type of housing.

In the past two years, Thailand has recorded a decline in the demand of local residents by condominiums, whose popularity has been observed for ten years. Nevertheless, interest in this type of real estate from foreign investors continues to grow. Particularly popular are condominiums have buyers from China. True, the Chinese government has recently been increasingly restricting the volume of money transfers to foreign countries.

According to experts, the decline in demand for condominiums among Thai citizens is caused by the lack of a strong momentum in the context of investment due to the market slowdown secondary housing and rental, which happened last year.

A Siberian company with an international name GZHA.rf helps clients with questions shopping, CMP Realty is a real estate agency in Thailand, where qualified Russian realtors work.

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In Thailand, developers will reduce the volume of condominiums in 2019