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Thai election results: Property analysts take “wait and see” attitude to Yingluck Shinawatra

July 4, 2011

As the dust settles on Pheu Thai’s landslide victory, the political situation in Thailand has become clearer but the economic situation for the property sector is still ambiguous,  writes Property Report Asia

Some things will remain constant – people still need places to live, and the residential market should remain more or less steady, at least among Thai people, said Antony Picon, Associate Director of Colliers Research Thailand. Some foreigners may have found the political turmoil of recent years a bit unsettling, he said, adding that “ it might take a little bit of time for foreigners to come back en masse.” Picon emphasized concerns about stability, and said that many players are taking a wait and see approach over the next months.

By Scott Lavon

For the full article please click below on the source link

Source : Property Report Asia

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