Despite the economic downturn affecting major world economies, Thailand real estate is signalling better expectations ahead. Generally, the global real estate market has been significantly affected by the recent recession orchestrated by credit crisis that affected mostly American and European countries. Likewise, for the last three years alone, the global real estate market has been significantly affected by the cascading effects of the global mortgage crisis. There are many other factors that contributed to the low return in the global real estate market. However, the situation in Thailand real estate is quite different.Every country in the world has significantly suffered from different levels of mortgage tightening and general price tightening. This situation has been very stagnating and depreciating the real estate market. Unlike the rest of the world economies, the overall effect has not been greatly experienced in the Thailand real estate. This does not means that Thailand was an exception to this. The Thailand real estate was also affected just like any other economy. The difference is that Thailand was quick to pick up.Most people in Thailand hold strong positive expectation in the real estate market. It is generally expected that Thailand real estate would grow by a margin of more than 7% for the next coming two years. There are enough reasons to support this economic projection in the Thailand real estate market. First, the tourist industry which is the backbone of Thailand’s economy has picked up. Much positive return is expected from the tourism industry most of which will be diverted to the real estate market.
