Prices of new homes on the Thailand property market are on the rise as land prices increase for developers.

This is according to a new market report from CBRE, which found new developments in Bangkok are at a premium at present, meaning only a small percentage of potential buyers are able to afford a purchase, Propertywire reports.

CBRE noted the majority of new developments in the downtown area of the Thai capital are one-bedroom apartments, meaning investors who want to invest in larger properties may have to look elsewhere.

At present, buy to let investors and speculators make up a relatively small percentage of the market in Bangkok, with around 85 per cent of purchases made by Thais.

During the second quarter of 2012 the number of newly-available units in downtown Bangkok dipped to 808 from 2,679 in the previous quarter, the property consultancy noted, with 91 per cent of all new homes consisting of one and two-bedroom homes.

source: http://www.propertyshowrooms.com/thailand/property/news/bangkok-sees-property-prices-rise_312454.html

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