Happy New Year, and what a year it will be !!!
A major initiative by Thai developers who plan to provide direct mortgages will lift the Thai property market and move it into unknown territory. Under the Financial Institutions act 2008, loans can be made though not with publically raised funds. The market has held up well during the economic global financial crisis but with loans previously unavailable and the fact that Phuket has so many completed units ready to move into it certainly looks like being a great 2010.