Luxury property prices in Bangkok have peaked, at least according to one of the many research reports that are starting to appear that focus on the three months ending September 2017.
In its Residential Index snapshot report, real estate firm JLL reported that luxury residential property prices in Bangkok failed to move in any direction in Q3 compared with the previous three months.
This must be worrying news for both property investors and developers, many of whom have been shifting their attentions to the high-end luxury property sector during the last year.
In its report, JLL said: “Well-located, quality projects in Bangkok are expected to see healthy demand and presales rates. However, with more than 7,000 units scheduled for completion in 2018, prices are anticipated to have less room for growth.”
Any remotely negative sounds emanating from real estate agency research should be treated seriously.
This report, coming in the same week as others that reach similar conclusions, should be considered essential reading for anyone considering investing in Thailand property and real estate now and in the coming years.