value of land and building transactions. Based
upon this information, real estate transactions
have increased as the number of tourists
increased year over year. In other words, as
tourism increases, so does the value of real
estate transactions. The below table shows the
relative stability of the real estate and tourism
growth rates over the last 15 years.
Major events are marked on the growth
rate chart to more easily understand when
political or global events affected the growth
of tourism and the value of real estate transactions. These major events have been labelled
to show the relatively short-term impact
Thai politics have had on the growth rate of
tourism and real estate transactions in the
past, to help assess how the current political
situation may affect them in the future. As
stability is returned, it is likely that the tourism
industry will recover, as it has in the past, and
as the allure of Thailand beckons tourists from
around the world.
50
Inves