Pattaya Daily News

12 January 2011 :: 12:01:52 pm 48804

Condo prices begin recovery upon easing of political turmoil

BANGKOK, Jan 12 -- Condominium prices have begun recovering after the political turmoil, which turned violent in March to May last year, eased considerably, according to the Real Estate Information Centre (REIC).
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REIC Director-General Samma Kitsin revealed the condominium price index conducted in the second half of last year to gauge condo price movements, particularly in metropolitan Bangkok, stood at 105.59, up 4.16 points from the first half of 2010, and up 5.59 points from the same period of 2009.

Overall, condominium prices had edged up in all price levels since the political situation had improved.

Classified by price range, the index on condominium prices below 50,000 baht per square metre stood at 110.17 up 8.70 points from the first half of 2010 and 10.17 points from the corresponding period in 2009.

The index on condominium prices between 50,000-79,999 baht per square metre stood at 106.81, up 3.39 points from the first half of last year and 6.81 points from the same period in 2009.

The index on condominium prices starting at 80,000 baht per square metre or more stood at 103.32 up 3.61 points from the first half of last year and 3.32 points from the same period 2009.

“It is noted that condominiums priced at less than 50,000 baht per square metre increased against the inflation rate and in tandem with higher incomes earned by buyers. Condominium prices between 50,000-79,999 baht per square metre rose at a close rate to the first half of last year,” he said.

Condominium prices at more than 80,000 baht per square metre edged up from the first half of 2010 after they shrank because condominiums located downtown had been affected by the political unrest, said Mr Samma.

Report by : MCOT online news

Photo : Internet   Category : Thailand News

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