According to a recent report in The Nation, there are a number of economic bubbles that pose a danger to the Thai economy, one of which is in real estate.  Other bubbles noted include: artificial demand for automobiles created through credit easing; higher salary scales of government officials and increased mortgage lending for first time home buyers.

However, according to a differing report in the Bangkok Post,Thailand real estate prices are set to rise. Further, the Bangkok Post article claimed that the Thai real estate industry is experiencing healthy growth and there is consumer demand in all regions and with many properties already available for rent or for sale in 2012, the number is set to rise this year with more properties in the pipeline for launch by big and small developers.

Caution and obtaining assistance from qualified attorneys is important when dealing with the Thai real estate market. The law firm of Chaninat and Leeds has recently published the English translation of the “Thailand Land Code , which comprises the full text of an Act on Ministerial regulations prescribing the rules, procedures and conditions of land acquisition for residential purposes by foreigners. For those seeking information of condominium purchase, Chaninat and Leeds also published the complete English translation of the “Thailand Condominium Act”.

 Related Articles:

• Buying a Condominium in Thailand
• Thailand’s Condominium Bubble a Reality or Myth