REAL ESTATE
REAL ESTATE TALK It seems like only yesterday that all eyes were fixed on London in anticipation of the countdown for the opening ceremony and subsequent games for the 2012 Olympics. There were more than 10,000 athletes from 204 different nations. Acceleration, strength and confidence were the name of the game. With an approximate price tag of 9.3 billion Pounds, the opening ceremony had to be spectacular – and it was. Oscar-winning director Danny Boyle – famous for such cult classics as Trainspotting and
the epic Slumdog Millionaire – masterminded the opening ceremony, which focused on the period of the Industrial Revolution that emerged from within Great Britain. Talking of revolutions, that appears to be exactly what we are observing right now in the property market in the entertainment-packed beach resort and golfers’ paradise of Hua Hin here in South-east Asia. After some years of stagnation in the property sector, with many developers and resale owners feeling inclined to offer, for example, large discounts, finance options and free furniture packages just to get people through their doors, confidence is back. What’s more, acceleration and
strength in numbers of both new property and new clients are both clearly evident within the property sector. What are the reasons for the sudden upturn in the property market? Who knows? Maybe, clients that have always dreamed of owning a place under Thailand’s tropical sun and enjoying the favourable year-round warm climate have come to a decision: it’s now or never. Perhaps, investors who have experience investing in, and observing, foreign currencies, which have been waiting for the Thai Baht to weaken and the Pound and Euro for example, to strengthen, may have decided to make a move.
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