Financial Crisis
Pattaya real estate market strengthensWuttipol Khirin 30.06.2009 | |
The US, Thailand and South Africa are most affected expat locations. Almost half of expats in UK are considering returning home. Emerging markets rank above established centres for expat finances, while UK is the worst for saving behind Spain and France. Despite economic crisis, expats are wealthier and save more than in country of origin. | While the real estate sector has been hard hit by the downturn amid the global financial crisis, Pattaya’s real estate market is exhibiting strong signs of recovery. There are some problems with projects that have been heavily advertised but never got off the ground – at least yet. But many other projects in Naklua, Na Jomtien and the Pratamnak Hill area and Central Pattaya near Carrefour and The Avenue shopping centers are doing very well. |
Bangkok — continuing its efforts to expedite the revival of the Thai travel and tourism industry, the Royal Thai government has agreed to exempt the fee for tourist visa applications for a three month period, effective 5 March, 2009 to 4 June, 2009. | |
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