Thailand Real Estate Market Driven by Domestic Demand

Although there is a significant foreign interest in Thailand’s real estate market, the majority of buyers in the residential and resort sectors are Thais, according to CBRE Thailand Chairman David Simister.

Simister said the problem with the current breakdown of Thailand’s real estate buyers between domestic and foreign is that, the foreign entrants in the market are cash buyers. There is no problem at all in the quality of freehold title but if Thailand wanted more foreign buyers, the country may need to allow Thai banks to give mortgages to foreigners.

Thailand is considered to be, relatively, less developed than other Asian capitals such as Hongkong and Singapore. Nevertheless, Simister said, Thailand has captured the car manufacturing market very well and this gives the real estate market a positive future outlook. “For example, you had a small family company making the nuts that put a standard steel wheel onto a standard basic sedan, your business is doing very well, and you are generating wealth and prosperity. That money is going back into the Thai economy and we are seeing a fair portion of it in terms of additional property purchases.” Simister added.

Chaninat and Leeds, Thailand Property Attorneys assist foreign buyers interested in Thailand real estate market.

Related Documents:

Thailand Land Code

Buying Land and Property in Thailand

Thailand Tales of Sex and Death

A 50-year-old woman in Everett, Washington was accused of suffocating her 51 year-old boyfriend to death with her breast, according to a recent report by Kiro 7 Eyewitness News.

Witnesses told police that the couple were heard arguing in two instances during that evening in their mobile home. In one incident, witnesses saw the woman throwing her boyfriend in the back of their mobile home and the victim was heard telling the woman to get off of him. The woman was found with her chest on the victim’s face. The victim was pronounced dead in the hospital and police charged the woman with second-degree manslaughter.

Thailand Lawyers noted that death by sex incidents are not common, but there were some internationally publicized cases that took place in Thailand involving dangerous sex acts that led to the deaths of foreign nationals.

Hollywood star David Carradine reportedly died in a kinky sex act. Carradine was found with rope tied around his neck and testicles. Police reports suggest the actor tied the rope himself. Carradine may have been attempting to orgasm by asphyxiation, believed by some to enhance or prolong orgasms.

In 2011, a 30-year old male New Zealander was found dead after having sex with two “bar hostesses” at a guesthouse in Patong. There were many unanswered questions surrounding the grisly find.  The Thai police found two used condoms and evidence of sex stimulants, but no prostitutes in the man’s hotel room.

A young female backpacker was also found dead in year 2000 at her hotel room in Chiangmai. According to Thai police reports, the backpacker was strangled accidentally during a consensual sex that gone too far. A dangerous sex act involving suffocation is believed to create stronger orgasms.