Among five main tourist destinations, the property market in Cha-am, Hua Hin and Pran Buri will be the first to pick up as it relies on Thai buyers, whose sentiment and confidence have resumed after last month's coup, says the property consultant Colliers International Thailand.
Sunchai Kooakachai, associate director of Colliers' provincial department, said a market recovery in these three beachside destinations on the peninsula is fastest, with condo units sized between 35-45 square metres and priced below 4 million baht, the best sellers.
"Thai buyers dominate this destination," he said. Last year the location recorded a take-up rate of 64% in the condo segment, followed by Pattaya and Phuket with 61% each, Chiang Mai (60%) and Khao Yai (55%).
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