NewswireToday - /newswire/ -
New York, NY, United States, 2010/08/02 - The Thailand Property Showcase company opens new offices in the Exclusive Park Avenue, New York City.
The Thailand Property Showcase Company has gone global having recently opened a New York office in the prestigious Park Avenue.
The company that specialises in the sale and rental of high end Thailand property & real estate has now placed itself at the forefront of the Thai property sales market, now having offices across three continents.
Speaking from their head office in Hua Hin, Thailand, CEO, Lee Phillips explained, as well as having our head office in Hua Hin, we have various satellite offices across the Kingdom situated in most of the popular holiday destinations including, Bangkok, Chaing Mai, Phuket and Pattaya. We have now become international and expanded globally, with the opening of new UK offices last year and now offices in the prestigious, Park Avenue, New York City, USA.
The global economy has been very flat over the last 2 years, and in particular in the real estate and property market, but there are signs that things are getting better and we forecast a much better year for sales and rentals in the market this coming High Season.
Thailand’s property and real estate market has been badly hit over the last 2 years, for many reasons, one of which is the global recession, combined with the Thai Baht being very strong against all the main foreign currencies, including the US dollar and UK pound., Thailand has also witnessed political turbulence, with the closure of Bangkok airport due to yellow shirt demonstrators. Also large parts of the Thai capital, Bangkok were shut down for about a month earlier in the year because supporters of the Ex prime Minister barricaded themselves into the main shopping and business areas of the city.
“We predict an up-turn in the market towards the end of 2010 and in 2011. We believe we are likely to see significant growth in the real estate and property market, with foreign investors returning to buy property in the tourist hotspots of, Phuket and Hua Hin., We also predict growth further down the Eastern seaboard area of Rayong, which at present is un-developed and where land is being purchased by some major developers at great prices. The Island of Koh Chang is also becoming a very popular destination for both foreign nationals and Thai nationals, particularly in the high end Villa market”