{"id":2832,"date":"2020-08-18T19:44:49","date_gmt":"2020-08-18T19:44:49","guid":{"rendered":"https:\/\/housingmarketgroup.com\/?p=2832"},"modified":"2020-08-18T19:44:49","modified_gmt":"2020-08-18T19:44:49","slug":"thailands-housing-market-strengthening","status":"publish","type":"post","link":"https:\/\/housingmarketacademy.com\/fa\/thailands-housing-market-strengthening\/","title":{"rendered":"Thailand\u2019s housing market strengthening"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>House prices up 5.69% y-o-y in Q1 2020<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nationwide house prices rose by 5.69% in Q1 2020 from a year earlier, an improvement from the previous year\u2019s 2.21% increase and the biggest growth since Q1 2018. House prices increased 3.13% q-o-q during the latest quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Demand and supply rising<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Q1 2020, the total amount of property credit outstanding was up 5% y-o-y to THB 3.15 trillion (US$ 99.33 billion), following an annual rise of 5.2% in 2019, according to the Bank of Thailand (BoT).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Likewise, residential construction activity is now surging. Nationwide condominium registrations rose sharply by 47.6% to 22,202 units in Q1 2020 compared to a year earlier, according to the BoT. In Bangkok Metropolis, condo registrations surged 122.3% y-o-y to 15,395 units over the same period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Rents, rental yields: yields are good in Bangkok at 8.05%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bangkok apartment costs are moderate, at around $3,638 per sq. m.&nbsp;<\/p>\n\n\n\n<figure id=\"ntable\" class=\"wp-block-table\"><table><tbody><tr><td><strong>Thailand.: city centre apartment, buying price, monthly rent (120 sq. m)<\/strong><\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Buying price<\/strong><\/td><td><strong>Rate per month<\/strong><\/td><td><strong>Yield<\/strong><\/td><\/tr><tr><td>Bangkok<\/td><td>$ 436,560<\/td><td>$ 1,837<\/td><td>8.05%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Recent news<\/strong>. Thailand\u2019s economy contracted by 1.8% in Q1 2020 from a year earlier, the deepest decline since Q4 2011 \u2013 pushing the country into recession, as the pandemic hit domestic activity and tourism. As such, the National Economic and Social Development Council (NESDC) recently slashed its forecast for 2020 to a contraction of 5% to 6%, from its earlier projection of a growth of 1.5% to 2.5%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In May 2020, the Bank of Thailand cut its benchmark rate by 25 basis points to a record low of 0.5%, the third consecutive rate cut this year in an effort to minimize the economic repercussions from the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House prices up 5.69% y-o-y in Q1 2020 Nationwide house prices rose by 5.69% in Q1 2020 from a year earlier, an improvement from the previous year\u2019s 2.21% increase and the biggest growth since Q1 2018. House prices increased 3.13% q-o-q during the latest quarter. Demand and supply rising In Q1 2020, the total amount [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-market"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/posts\/2832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/comments?post=2832"}],"version-history":[{"count":0,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/posts\/2832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/media\/1836"}],"wp:attachment":[{"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/media?parent=2832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/categories?post=2832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housingmarketacademy.com\/fa\/wp-json\/wp\/v2\/tags?post=2832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}