Optimism in property market post – Covid

Asian Property Review chats with: (i). Nicholas Vettewinkel, Director, Research and Consulting, CBRE Thailand; and (ii). Frank Khan, Executive Director, Head of Residential, Knight Frank Thailand

1.Is now the right time to buy property in Thailand?

CBRE: In real estate, there are always opportunities for buyers, but these opportunities vary for different types of buyer. Market conditions are generally favourable for cash­rich buyers, as there are a lot of choices, and in general it is a buyers’ market. However, this market is particularly well suited to owner-occupier buyers or those who are willing to take a long-term view for investment. In the short term, investment returns are likely to be low, but long term, as the market improves, we believe capital values will slowly

“Bangkok is somewhat between Asia and Europe -you can have a high standard of living at a cheap price.” – Frank.

appreciate again. For foreign buyers able to benefit from a strong USD, this would make it more attractive to buy during this period.

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