"Over the past six months, no significant projects for the construction of new condominiums have been launched, reflecting weak customer confidence and a consequence of the tightening of credit conditions. The number of unsold properties remains high, and the pace of sales is low," the analyst noted.
Experts, however, note the possibilities of the secondary market, which offers significant discounts.
In general, the housing market is stable. Houses priced from 5 to 10 million baht (from 150,000 to 300,000 USD) are still in high demand, which is facilitated by the willingness of banks to issue loans, as well as demand from young buyers. Sales of homes worth more than 20 million Thai baht ($600,000), on the other hand, have slowed, and many buyers are waiting for more political and economic clarity before making decisions.
Source: Real Estate Asia
