As one might expect, the Thai property market owes a lot to the tourism industry in terms of the gains that it has experienced recently.
Analysts have succeeded in directly linking the two together, proposing that the position of Thailand at the top of the tourism charts for Southeast Asia is directly linked to the fact that investors in the Thai property market are regularly making returns in excess of 15 per cent per year on their initial investments.
In fact, many of the foremost experts on the Thai property market have said as much. Dave Ames of Harlequin Property commented that the government's commitment to improve tourism in Thailand by 10 per cent per year and the general improvement and resurgence of projects in the property sector have both created a very positive impact on prices within the property markets of the country.
While the high tourism has always been something that has helped to fuel the Thai property market, the positive influence of government is not something that the sector has always been able to count on. In fact, the lulls in the property markets of Thailand, when they have happened, have been directly traced to buyer uncertainty due to the political instability or the perceived instability within the government of the country.
However, it appears as if that is not going to be a problem with the current administration, as the formation of the new government is expected to proceed without incident. At the same time, the policies of the new government for economic growth and tourism are expected to be in place by the middle of the year.
According to most of the analysts, if that happens the real estate sector of the economy could start to see the positive benefits of that in hard number form as early as the third quarter of this year. That would result in a boom in property prices and it would likely also result in a large influx of foreign investment dollars into the property markets around the country of Thailand.
