Bangkok Rental Market Prospers

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Thailand Property Report by Dawn Ferguson-- With housing allowances in the variety of Bt70,000 to Bt100,000 a month, Bangkok's high-paid expatriates have money to burn - and they desire homes with all the Western-amenities they're accustomed too. For condominium and apartment owners, this sector of the market is a prospective gold mine, particularly provided most of these anticipates are here on a short-term basis. The stats certainly are appealing, but as competition grows, it's not an easy market to get in. CB Richard Ellis Thailand executive director James Pitchon informed Property Report Thailand that demand for high-end leasings increased in 2006 and the number of expatriates in Bangkok with work licenses grew to 67,412 in 2006, a 12.5% boost year on year according to statistics by the Alien Occupational Control…
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