Steady house sales in Thailand
Unlike many other of the world’s property markets the Thailand property markets are said to be holding steady as the year unfolds sales activity is expected tick along nicely.
While completed house sales during 2011 are likely to fall when compared to last year’s results yearend figures are not expected to cause any concern in the long term.
Many property professionals are looking forward to see if the new government will introduce measures aimed at boosting property sales for the general population of potential homeowners.
First time buyers will be given a helping hand later in the year with an interest free home loan (for the first two years of the loan) if the property in question costs less than three million baht. This measure is aimed at boosting property sales among lower income earners at a time of higher interest rates and rises in the general cost of living.