Conflicting research - just who do you believe?
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The numbers war is hotting up as one leading property agent has taken a blatant swipe at data published by another leading organisation which claimed residential property prices in Thailand had fallen.
CB Richard Ellis Thailand said: “Whilst the Thai House Price Index reflected the launch of cheaper houses, either of smaller size or more fringe locations, the implication that prices are dropping could not be further from the truth.”
The company further questions the validity of its competitor´s data by adding: “In terms of take-up, price per square metre, transfers and occupancy the residential market continued to grow despite external economic conditions.”
Their subject of their wrath was the Knight Frank Global House Price Index which has previously showed an 18.4 per cent reduction in prices within the Thailand residential market to the end of the third quarter of 2009.
