Thailand Real Estate: What Buyers Need to Know About the Looming Crisis
Chapter 1: The Hidden Crisis in South East Asia Chapter 1: The Hidden Problem: Finding the Big Number of Empty Homes in Thailand Thailand’s skyline is changing. You can see more towers going up in Bangkok, Pattaya, Chiang Mai, and other big cities. There are new luxury condos and big housing areas. That shows development is happening in many places. But, behind all this change, there is a problem most people do not see and many choose to ignore. There are too many empty homes, and this could hurt the whole market. Recent numbers show there are about 1.64 million homes not being used in Thailand right now. This number might seem like a small detail in the country’s development at first. But, if you look closer, you can see these empty places are not just homes with no one in them. They show there is a big problem in the country's economy that can change many things for people. Many homes are empty. For a long time, builders have put up many homes fast. They want to make money quick....