February 23rd, 2010
With a slowing of economies in most countries around the world, how is Thailand stacking up? Surprisingly, a lot better than we anticipated, because it is virtually debt free on the international scene, – having kept its overseas borrowings to a minimum. The wealth of a nation lies in its productive capacity, and Thailand has plenty, starting with being a major rice producer, not to mention its huge industrial base.
On the Thai real estate scene things have certainly stabilized, with lower priced properties remaining unchanged, but higher priced offerings seeing the trimming off of some fat. This is not as serious as the huge deflation in prices suffered by many of the western countries, whose financiers handed out irrecoverable loans on highly inflated property prices like there was no tomorrow.
In London a currency fall of up to 40%, plus a 20% fall in property prices has dubbed their real estate offerings as the “Half price sale.” However, Thailand is still way in front on “value for money” in the property stakes, because of lower cost structures across the board, and side benefits, such as the very best in locally manufactured fixtures & fittings at bargain basement prices.
It may come as a surprise to many readers to learn that Thailand rates very highly on the world scene in terms of financial stability, despite some recent hiccups on the political front. Taken on balance, the world’s major investors see Thailand as a prime investment opportunity with a highly geared growth factor for at least the next 10 – 20 years.
Wie steht Thailand im Vergleich zu den derzeit eher schrumpfenden Ökonomieen der meisten Industrienationen weltweit? Erstaunlicherweise besser als erwartet, weil das Land weitgehend schuldenfrei ist. Auch der Bankensektor ist wesentlich stabiler als der der meisten anderen Industrienationen.
С замедлением экономики в большинстве стран по всему миру, как Таиланд поднимается? Удивительно, но гораздо лучше, чем мы ожидали, потому что страна практически свободна от долгов на международной арене.
Thailand gjør det bra til tross for den politiske uroen. Lettelse fra myndighetene restriksjoner når det gjelder utenlands forretningdrift, samt mindre regulering rundt eiendomsforhold, ville imidlertid gjort landet mer konkurransedyktig og attraktivt sammenliknet med sine naboland
