property-in-thailand-after-the-coup-detat

Property in Thailand after the coup dÆetat

A real estate expert's reaction to the new military government and future prospects for owning property in the land of smiles.

By Simon Osborne

October 15, 2006

On the bright side, the tanks managed to dislodge a government whose nest-feathering not only was becoming an embarrassment to Thailand, but removed a political party which also had amassed enough money in its war chest to win elections for decades. On the other hand though, few countries have found that soldiers can run the nation better than civilians.

How then has ThailandÆs real estate market reacted in the month after Thaksin Shinawatra was booted out of the prime minister's office

ôThe market has shown that the coup is overwhelmingly positive,ö says David Simister, chairman of CB Richard Ellis CBRE in Bangkok. ôIÆm not suggesting that military rule in general is necessarily better. I think...

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