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Posted: 06 May 2010 | 6:00 am
As the Euro hits a one year low on the fringes of an exchange rate of USD$1.30 to the US dollar the real estate market is poised with uncertainty over the trickledown effect.
Over the past two years currency fluctuations have played havoc with prospective property buyers with the most decided negative being the plunge of the British pound. Both UK expats and residents have been large scale buyers in the foreign dominated market, and what amounted to an early crash out hit sales streams.
Back of continued worries over the Greek bail-out, stock markets around the world included the Dow Jones saw jitters. Bizarrely enough the Thai baht despite an economic pounding by political upheavals has continued to stay at exceptionally high levels.
After the recent peace initiatives and promise of November elections hit newlines, the SET (Stock Exchange of Thailand) was up. Most market watchers expect the Thai currency to trade within a limited band at its current level.
For developers looking to move up sales pace, there major overseas currencies look to be a hindrance rather than help for the foreseeable future.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
CENTEL 34.25 - 0.25 %
DTC 57.50 + 1.25 %
ERW 4.04 - 0.02 %
GRAND 1.10 - 0.02 %
LRH 28.25 - 0.50 %
MANRIN 25.00 - 0.25 %
MINT 24.30 - 0.10 %
ROH 27.00 0.00 %
SHANG 50.00 0.00 %
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