The global financial crisis and local political disorders affected negatively the Thailand real estate market. Nevertheless, experts think that there will be no market crash. According to the information provided by the Citi Company the sales volume on the country’s real estate market is declining in the third quarter of this year. The new flats construction volumes declined to 55% in September if compared with the same period of the last year, пошли на спад reports.
According to David Simister, the head of the Thai branch of the Consulting Bureau Richard Ellis, political instability in the country is not a new situation and will not lead to the Thailand real estate market crash.
In the opinion of Gift Srisomburananont, the analyst of Asia Plus Securities, the repetition of the local market crash similar to that ones that was in 1997 because of the demand artificially grown by speculators shall not be expected; moreover many buyers of de luxe accommodation pay in cash and the local banks do not grant a loan to the foreigners.
Robert Collins, the director of the Thai branch of the British company Savills, predicts a cut in prices in the prime apartments sector in Pattaya and in the sector of medium and high class flats in Bangkok. 
According to Mr. Simister the new flats construction volumes will continue to reduce. In some regions of the country, the lack of supply may be observed. Such state of things will continue for a year and a half.

Provided by Prian.ru