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Homes for Sale in Thailand Little Affected by Political Turmoil

By on Dec 18, 2013 in Property News, Residential

The political turmoil appears to have had relatively little impact on the property market, with most buyers continuing to have their homes delivered and construction still being carried out on time.

Pruksa Real Estate president and CEO Thongma Vijitpongpun said the political crisis had not had a great effect to date on the market up to this point. “We believe the property market will show [full-year] growth of less than 5 per cent from last year’s level,” he said. Although the number of visitors to its residential projects has fallen off to some extent, the company’s presales and total revenue remain strong because most buyers who plan to purchase a home in which to live, will still do so regardless of the political situation, he said. “Politics may have had an impact on the speculative market, but it has not done so on real demand,” he added.

Supalai managing director Atip Bichanond, meanwhile, said its customers had continued to have their homes transferred on time despite all the political uncertainty in the current quarter. While the number of potential new buyers visiting Supalai’s residential projects is lower than normal, the company believes this will not negatively affect its financial results in the final quarter, he said.

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