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  • Talay Sawan - Luxury Beachside Living

    Talay Sawan - Luxury Beachside Living

    • 1 Livingroom/s
    • 3 Bedroom/s
    • 4 Bathroom/s
    B 9,450,000

    Talay Sawan is a small development of traditional Thai style villas situated directly on one of Thailands most beautiful beaches. Bang Saray is only 15 minutes from Pattaya and offers a tranquil fishing village atmosphere but has all the ammenities needed for a modern way of life including minimarts, markets, restaurants and bars. All the... read more

    ref: HS940
    303 sq m House (308 sq m land) in Bang Saray
  • Cetus - High Rise Project in Jomtien

    Cetus - High Rise Project in Jomtien

    • 1 Livingroom/s
    • 1 Bedroom/s
    • 1 Bathroom/s
    B 3,200,000

    The 49-storey condominium in luxurious relaxed style is located in the quiet seaside of Jomtien Beach, the perfect solution for residents. Every single corner of the room creates relaxation, privacy and tranquility with sea views and panoramic scenery from the beginning of Jomtien Beach to the end of Na Jomtien Beach. Each room is created to... read more

    ref: CS1000
    39 sq m Condo in Jomtien
[Published on 2011-12-30 in Thailand News by Jesse Schule]

A New Year On The Horizon

Pattaya New Year Fireworks 2011-2012Reflecting On 2011, And Looking Forward To 2012

In many ways 2011 was a tough year for Thailand, with the worst flooding in more than 50 years crippling the country's capital and killing any hopes of positive economic growth. Despite facing adversity, Thailand will look back at 2011 as a year that brought many positive milestones. The national elections in July of 2011 saw Thailand elect their first ever female Prime Minister, Yingluck Shiniwatra, sister of former PM Thaksin. Despite the flooding in the Central provinces and the closure of the Don Muang Airport, Thailand still managed to see a record number of annual visitors in 2011, a staggering 16 million tourists arrived at airports throughout the country.

resort areas of Pattaya and Hua Hin will see a dramatic increase in demand

While the floods managed to slow economic growth in 2011, property value continued to rise, Thailand's Treasury Department announced a 20% increase in property valuations nationwide, the cost of construction materials and skilled labour is expected to rise as much as 50%, with increased demand due to necessary repairs and reconstruction. While buyers might be hesitant to invest in property in the country's capital without a clear plan in place to combat future flooding, the nearby resort areas of Pattaya and Hua Hin will see a dramatic increase in demand.

The island of Phuket continued to see record numbers of annual visitors in 2011, however the resort destination is still suffering from growing pains, including the lack of an efficient transportation system, and an increase in crime and petty theft. Swedish newspaper "Aftonbladet", recently published a story predicting the demise of Phuket, saying "Phuket in Thailand has become a nightmare for many Swedish holidaymakers". Swedes make up a large percentage of the annual visitors to Phuket, and while negative publicity like this is nothing new, it seems inevitable that local authorities have a lot of cleaning up to do if they want to keep people coming to Phuket.

The economic forecast for 2012 is a modest growth of just under 5%, however GDP in the second half of 2012 will grow 5-7 per cent, better than the 3-4 per cent growth expected in the first half of the year. Another record number of annual visitors in 2012 will not only boost the economy, but also keep the property market going strong. All indications are that 2012 will be far more kind to Thailand than 2011, as we look forward to a positive new year.

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