There have been many this year floods in Thailand. In February 2011 Krabi met the news with huge amounts of rainfall to create landslides and of course the current northern Thailand and Bangkok floods are still daily world news. With every disaster on this kind of scale, it is bound to have an impact. Some residents want to relocate Bangkok and one of the places they will look at is Krabi.
So what effect this will have on the real estate market in Thailand?
Although it is still a little early really to reflect on the recent floods, one thing we can be certain is that this will not be the last. Thailand has been very high seasonal rainfall and whether the current extremes is a result of global warming or just a recurring historical event is a matter for debate has always been the subject of a tropical country in the monsoon belt. What is not a matter of debate, that these events should be learned from and planned. Much of the actual damage in Bangkok and indeed in Thailand was the result of what just poor planning can be called. Unconstrained housing development has meant that common sense has been so just maybe thrown out the window, the silver lining to all current problems that will be fresh in the minds of the public that the demand for developments mean that actual regulations will follow increasing and those created by developers who have brushed aside wane rules.
Krabi, a relatively new area for property development, has in retrospect. The local authorities have learned from the experience of Phuket and Samui and really make impressive progress in the infrastructure for the future to design. Roads, electricity and water supply and development are well planned and constructed broadly and planning regulations are enforced. As long as the authorities remain on this line with the development, then Krabi sure to enjoy a very bright future.
Many development companies learn from the mistakes of the past and recognize the marketing potential of additional own strategies in their development involves. Water management, including drainage and the local water supply, are high on the list, but also, energy management, including solar power and good design energy consumption evolve to reduce to significant selling points, such as potential customers begin on both energy costs to put more importance and also, which is very is important to environmental aspects.
Local development company in the development of Krabi are encouraged to be proactive as a whole and the way it relates to the unique geography of Krabi. Views are guarded to prevent the loss of the beauty that is really as a tourist destination is its main attraction.
Condominiums
One effect of the floods on the real estate market in Thailand as a whole, that the demand for condominiums and not individual homes. This makes sense, since not only the security are safe from flooding, but they are also more efficient use of resources, better security, usually more cost-effective to be in the best locations and make ideal rental opportunities. It makes sense to me that this trend will follow throughout Thailand and not just a feature of Bangkok to its real estate market.
In the future prime property locations in Krabi are always difficult and sure to find. The one thing on which we need to be careful is that the condominium developments to tourists come at the expense of Krabi attractiveness can not be guaranteed. The tourism market is the driving force behind the growth, but tourists are fickle and tourist destinations are spoiled fragile and easily.
Krabi has a very bright future, it's natural beauty, mean unique geography and modern infrastructure that it will grow. Krabi developers and customers who need to create growth from the experience of learning that nature sends. The floods in the north of Thailand are a timely lesson and should be learned. In the next few months and as Thailand recovers from the floods in Bangkok and northern Thailand will certainly have an impact on the number of visitors and the way in which these are managed will build again, the number of visitors is concern that are willing to invest.