“Since then, the mid-low segment — $100,000 to $200,000 — has slowed, especially sales to foreign buyers,” he said. However, Mr. Skevington said Richmont’s has a backlog of inquiries from buyers in Europe and the United States who are waiting for travel restrictions to ease. Virtual property viewings and purchases have enabled some foreign buyers to take advantage of price reductions, said Patrick Lusted, the director of Bangkok-based Siam Real Estate. “Property prices have leveled off and come down in some locations,” he said. “This will present attractive investment opportunities for investors who are able to weather the stagnation in the medium to long term,” he said.

Source: International New York Times March 17, 2021 13:30 UTC