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Bangkok: the price index of condominiums increased by 14%

15.05.2015
Homesoverseas.ru editorial office
172

Index of housing costs in Thailand grew by 4.1% during the year to the fourth quarter of 2014, according to an international real estate portal Global Property Guide with reference to the Bank of Thailand data.

In countries emerging from political crisis, last year was a difficult one for the real estate market, however, shows high stability condominium market, which is the main place of residence for both locals and expats in Bangkok. Thus, the cost of condominiums index rose by 14% (13.18% for inflation).

townhouses cost index increased by 6.60% (5.82% for inflation), and the land for housing - at 6.36% (5.59% for inflation).

"Property prices in Thailand are very attractive to international standards, for example, they are four times lower than the cost of housing in Singapore", - said CEO and co-founder of the agency Sansiri Apichart Chutrakul.

As for the market of premium property in Bangkok, the price on it increased by minor 0.1% during the first three months of this year, according to a recent survey by Knight Frank «Prime Global Cities Index». The 3.7% over the past year to the March 2015 general increase in prices in Bangkok. The study of the world's leading cities for investment Knight Frank Bangkok was in 16th place out of 35 possible, between Madrid (15 th place) and London (17th place), which also lost ground. List of led San Francisco (1st place), Bangalore (2nd place) and Miami (3rd place).

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