The next recession



Re: Report points to changing shift in Pattaya condo market (PM – Property & Real Estate; Thursday, 05 December 2013) – When Thailand has its next recession (and it will certainly happen), there will be a huge crash in the condo market in Pattaya. Thai ownership in all condos must be at least 51%, this will lead to mass selling by the Thai population and this will prevent foreigners from buying these units. It will all come down very fast.