The Land and Construction Tax Bill that will be discussed by the Thai government later this year has had mixed reviews with many fearing that it won’t help the Thai residential property market.

The new bill on land and property tax in Thailand is aimed at helping property owners make better use of their real estate and properties, especially if they own land and property which is currently not in use. Some fear that the new proposals would see land grab opportunities where unused pieces of land would be leased to farmers for agriculture, particularly given the Thai government’s current drive to increase crop growth and to increase the amount of alternative energy sources.  Read more... (355 words, estimated 1:25 mins reading time)

Property experts believe that the current unrest in Thailand may have a negative impact on the country’s real estate market. The street battles in Bangkok are likely to put tourists off from visiting the country meaning that tourism jobs in Thailand may be lost. This may then filter down and affect the property market in the country.

The demonstrations in Thailand have already prompted a number of countries to advise nationals not to travel to Thailand and the pictures of gun fights on Thailand’s streets between protestors and troops has put some potential tourists off.  Read more... (247 words, estimated 59 secs reading time)