[roamer]

^

The condos I looked at were being advertised at/from 1.1 mill. baht.

I asked the price of the 34 sq.mtr 1 bedroom unit I was in,
"1.55 mill."
It was fully furnished & fitted out so asked if that included furniture.

" No " extra 300K.

so 1.85 mill, near enough the same as the house you`ve mentioned.


Another developer has Wong Amat studios starting at 5 mill( baht) or just over £ 100 K which to me seems expensive( for what you are getting) as that could buy a similar if not better place in some parts of Europe.

[Frankie]

Originally Posted by roamer

Another developer has Wong Amat studios starting at 5 mill( baht) or just over £ 100 K which to me seems expensive( for what you are getting) as that could buy a similar if not better place in some parts of Europe.

Very true. Especially in the UK provincial cities where the credit boom saw thousands of apartment blocks built for the investor Buy to Let market. Plenty of buyers were around so developers made a killing.

Thing was nobody actually knew who was going to live in these apartments and pay around £2,000 per month rent that was needed to service the investors mortgage, service charges etc. and maybe turn a small profit.

Turns out virtually nobody was that daft. Plenty of apartments built 2007 sold for £170,000 now re-possesed and sell for £70,000. No wonder the banks are skint, but at least they were ripping off punters in other "investments" to off set the risk. Although it looks like thats about to go tits up.