Turmoil hits Pattaya condos | Bangkok Post: business

Business > News

Turmoil hits Pattaya condos

- +

Although launches of condo units increased in Pattaya last year, demand dropped significantly in the fourth quarter due mainly to political turmoil. 

Surachet Konghcheep, associate research director at the property consultant Colliers International Thailand, said the protests in Bangkok since last year's fourth quarter had affected the resort's property market.

''Many foreign tourists cancelled their hotel reservations for the Christmas and New Year period,” he said. ''If political issues are not resolved within a few months, Thailand's property market including Pattaya will probably be more affected.”

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

3 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments