the property market crashed in ireland in the first half of 2009.
the property market crashed in ireland in the first half of 2009.
when did the property market crash in ireland?
the first half of 2009
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the property market in thailand, first boomed in the 1980s, this was thanks to a well performing economy, that attracted many people into property investment. a few years later the government encouraged commercial banks to sell their mortgage services and products. thailand suffered great economic losses during the asian economic crisis and the market did not regain again until 2000, were the property market saw us$2 billion being invested into thai property. property investment prices in thailand are considerably low compared to other southeast asian locations, attracting foreign investors, many of which for tourism. for the nationals of thailand, there are currently commercial banks and government housing banks are dominant in the mortgage lending services with a commercial share of 80-90%. the surge has been observed and analyst believe that thailand's property market may well be in its infancy. however, in recent years and throughout 2010 there was speculation centered on a potential thailand condo bubble. yet thai authorities claim there is still no sufficient evidence of a property bubble forming in thailand. recent data shows strong market affinity from chinese buyers, especially in chiang mai, bangkok and phuket, while good exchange rates plus an upwardly-trending influx of russian tourists has experts cautioning property developers not to overlook the russian market.
south east asian and hong kong property markets