In the northern, northeastern and southern parts of the country, demand in the housing construction market increased by 15-20% in the first quarter of 2012, with a slight increase in Bangkok. Wealthy buyers from Bangkok purchase new housing as a "second home", and this stimulates price growth.
According to a study by the Real Estate Information Center, outside Bangkok, the highest rates of real estate construction are noted in the province of Chonburi, where the resort town is located Pattaya. The province is located on the coast of Bangkok Bay in the northern part of the Gulf of Thailand. There are 534 projects with 87,500 housing units with an average cost of 2.82 million baht (approximately $90,000). 69% of this volume has already been sold, and the rest is planned to be sold within six months.
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