17 Mar 2023
Econ Digest
Housing market in 2023…Respondents intend to purchase homes, but will change their plans in line with economic conditions... Read more
FileSize KB
3 Jan 2023
Renewal of measures to reduce fees for residential ownership transfer and mortgage registration … supporting the residential market... Read more
11 Nov 2022
In 2022, residential property market indicators reflect a good recovery, but are not yet comprehensive. Residential property developers are accelerating their investment in new projects, driven by the confidence in the economic recovery after the COVID-19 outbreak subsides plus the recovery of the tourism sector. According to the data of the Agency for Real Estate Affairs (AREA), new residential launches in Bangkok Metropolitan Region during the first nine months of 2022 grew as high as 110%YoY to 77,000 units, more than half of which were condominiums and most of the launches were priced at less than THB2 million. However, transactions of new residential properties have not fully recovered due to the fragile purchasing power of households caused by the high cost of living and debt burden, while sales of second-hand residential property are favored by buyers. While the last two months of 2022 may see an acceleration in the residential property ownership transfer as the relaxation of loan-to-value (LTV) regulations end at the end of this year, it will still depend on the ability and qualifications of buyers.... Read more