The housing market slowed a bit in 2009 but will require some scrutiny in the months ahead to prevent an oversupply. Agency for Real Estate Affairs, the largest real estate information and valuation centre in Thailand, just released a survey on its outlook for the housing market for the Bangkok…Continue reading
Firms may take more than three years to sell out an inventory of residences worth more than Bt200 billion in Bangkok and its suburbs because of a slowdown in demand arising from the economic downturn, property experts say. Continue reading
The government should keep using measures to stimulate the economy, relax some rules that prevent real estate growth and resolve non-performing loans (NPLs) among low-income earners, property experts suggest. The latest measure allowing home buyers to deduct 300,000 baht of mortgage principal from taxable income has already lifted consumer sentiment in some segments. Continue reading