Language(s): Thai, English
Total Area: 513,1150 km²
GDP (in million USD): 312,605
Thailand, officially the Kingdom of Thailand, formerly known as Siam, is a country located at the center of the Indochina peninsula in Southeast Asia.
The Thai price index for single detached houses dropped by 1.15% (-3.59% inflation-adjusted) during the year to end-Q2 2012, according to the Bank of Thailand (BOT), the country's central bank.
In the second quarter of 2012, total outstanding property credit rose by 11.7% to THB1.7 trillion (US$55 billion) compared to the same period last year, according to the Department of Land, Ministry of Interior.
Thailand's strong manufacturing base, combined with its tourist industry, is standing the country in good stead, despite continued political problems. Residential property in Bangkok is worth more in terms of US$ than when we last surveyed the Thai scene. This is partly due to the steady appreciation of the Thai Baht against the US$.
Premier used property in prime districts of Bangkok is worth around US$3,000 per square meter at the lowest size, US$3,300 for 120 square meter apartments. Property earns yields of 5.7% to 7.4%, with smaller apartments earning higher yields.