Thailand's property market has endured some rocky times over the past 18 months, but with the upcoming election due on December 23, investors and developers are looking forward to a more prosperous and stable 2008.
Consumer confidence and investor sentiment was already ebbing away during the six months of political protests that finally led to the fall of the Thaksin Shinawatra-led government.
All things touched and trumpeted by the previous government have been eyed with great suspicion, including the way that international investors were courted and encouraged to bring their dollars to Thailand.
'Since the military coup, local consumer confidence has subsided, particularly in relation to large ticket items,' said Raimon Land chief executive Nigel Cornick.
'Car sales have dropped in the luxury segment which is a traditional indicator for the real estate industry.'
As head of one of the country's leading international property developers, Mr Cornick said he hoped a new government would be more positive in encouraging foreign investment.