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Property prices going down ?

sulasno · 1 · 164

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Offline sulasno

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http://www.bangkokpost.com/business/news/342209/is-this-a-case-of-deja-vu-all-over-again

Quote
In recent years, property prices have again risen sharply, and new projects can be seen virtually everywhere, prompting fresh concerns about whether bad history is going to be repeated. Virabongsa Ramangkura, chairman of the Bank of Thailand, has warned the market that the current foreign capital inflows have put the economy at risk of a bubble in both the financial and the property sectors that could burst by year-end.

However, amid the skyrocketing property prices in the past three years, economists still believe no bubble is forming _ at least, not yet _ and that authorities and bankers are better prepared after the unforgettable lessons of 1997.

who should I believe ?

hmmm......................

I have conducted 5 sales within 2 years including 1 this week and all transactions were in CASH

the demand for condos will diminish once the Skytrain is fully completed but not before