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Thinking of investing
in Thailand? Compare costs with
Europe.
Here's food for thought. If you
are looking at Thailand as a
real estate or second home
investment, compare the average
prices here with those in
beautiful downtown Europe. The
property firm Era Immobilier
has just released the results of
a survey. Although not
checkable, these figures tell a
rather chilling tale, unless of
course you enjoy European
weather as well as deep pockets
in your parka. Anyway according
to the survey the most expensive
place to buy real estate is-wait
for it-not London but
Luxembourg. London dear
prospective investor has been
relegated to a lowly fifth place
in the real estate premiership.
The runner up position goes to
Bern, the Swiss capital, with
Madrid coming in third and
another surprise (at least to
me) Dublin, earned fourth
position. The lowest cost place
to buy real estate is Brussels
(at least among capitols) while
Athens vied for top spot in the
bargain buys department. Oh yes;
it costs Euro 470 thousand to
buy an average property in
Luxembourg, while Brussels is a
measly 182,000. Athens wasn't
far behind at 182,000 give or
take. Now compare that with
prices in the lovely Land of
Smiles.
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Does the new
airport mean that Pattaya will boom in tourism and property
development?
The residential
condominium market in Pattaya is expected to experience robust
activity in the coming years due to rising demand for
residential properties including condominiums and single houses,
according to international property consultants CB Richard
Ellis.
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Going, going,
gone....Bangkok office rents set a record
Grade A office
rents are breaking through the 600 Baht barrier,
according to the latest office market survey from
international property consultants CB Richard Ellis.
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