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News: Thai property bubble looming?

Mon, 30 Jul 07

Experts fear history is repeating itself in several leading Asian property markets...

Although property prices in most Asian countries are still below their peak levels, rapid price appreciation has taken place over the past five years, leading to renewed fears that a speculative property bubble is forming in several Asian countries.

The fear is not unfounded; one has only to recall Asia’s spectacular and disastrous property bubbles of the 1990s.

 

However, the recent price increases are actually recoveries from the previous slump caused by the Asian crisis and other phenomena. As of Q1 2007, property prices in most Asian countries are in fact still below their peak levels in real terms.

 

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