Post by account_disabled on Dec 24, 2023 8:38:51 GMT
DD Property Thailand's number 1 real estate market place website reveals the property price index report for the 4th quarter of 2020 (DDproperty Thailand Property Market Index Q4 2020), finding the housing price index in Bangkok. Increased from the previous quarter by 2%, considered the first increase in 6 quarters, showing a positive sign of the real estate market. It began to grow from the launch of new projects by entrepreneurs into the market along with releasing price wars to stimulate consumers' purchasing decisions without stopping after the COVID-19 situation. in Thailand began to unravel Even though consumers' purchasing power has begun to recover, they are still not confident in spending.
Hopefully the government will come up with measures to stimulate trading to help drive growth in the real estate market. Advice for real estate entrepreneurs Look for Real Demand target groups with additional potential to Telegram Number Data create opportunities to expand the market and tap into new purchasing power groups in the country. In addition, the latest DDproperty Thailand Property Market Index report reveals that The amount of supply during the third quarter increased by 23% from the previous quarter, reflecting the number of properties available. There is a large amount outstanding in the market. This is because consumers spend more time deciding on property purchases as a result of uncertainty over the fragile economic situation which affects income and banks' stricter credit considerations.
Consistent with data from the 3rd Quarter Business Trend Report and 2020 4th Quarter Trend Report from the Bank of Thailand (BoT), revealing the direction of Thai real estate by region, it was found that sales and ownership transfers in the central region decreased. Especially condominiums and low-rise houses due to the decreasing purchasing power of Thai customers. When considering the bank's real estate lending, it was found that the rejection rate in the central region increased by more than 30% compared to the same period last year. Meanwhile, there is still demand for housing among Thai people in the northern region. but cannot access credit The number of loan rejections increased by 40-50%, even though they had pre-approved.
Hopefully the government will come up with measures to stimulate trading to help drive growth in the real estate market. Advice for real estate entrepreneurs Look for Real Demand target groups with additional potential to Telegram Number Data create opportunities to expand the market and tap into new purchasing power groups in the country. In addition, the latest DDproperty Thailand Property Market Index report reveals that The amount of supply during the third quarter increased by 23% from the previous quarter, reflecting the number of properties available. There is a large amount outstanding in the market. This is because consumers spend more time deciding on property purchases as a result of uncertainty over the fragile economic situation which affects income and banks' stricter credit considerations.
Consistent with data from the 3rd Quarter Business Trend Report and 2020 4th Quarter Trend Report from the Bank of Thailand (BoT), revealing the direction of Thai real estate by region, it was found that sales and ownership transfers in the central region decreased. Especially condominiums and low-rise houses due to the decreasing purchasing power of Thai customers. When considering the bank's real estate lending, it was found that the rejection rate in the central region increased by more than 30% compared to the same period last year. Meanwhile, there is still demand for housing among Thai people in the northern region. but cannot access credit The number of loan rejections increased by 40-50%, even though they had pre-approved.