The Thai government wants to stimulate home ownership and has developed a kind of 'state mortgage' for this purpose. The program is running as expected and there is a lot of interest in it.
News from Thailand – July 2, 2013
Today in News from Thailand:
• Doctor in Kalasin mistakes dengue fever for stomach ulcer
• Banks are afraid of a real estate bubble
• Riddles about the murder of businessman Akeyuth
Statement of the week: It is currently better to rent a house in Thailand than to buy a house!
If you are going to Thailand soon for a longer period or permanently, you will be faced with the question: rent or buy? A difficult question because the housing market in Thailand is starting to overheat. The price for building land in Hua Hin, for example, is high.
House prices may rise by 10 percent next year and house purchasing power will fall when the minimum daily wage is raised to 300 baht, project developers think. But this year there is nothing wrong with the housing market, because it is rising by 10 percent to 300 billion baht or 10.000 units. According to Thongma Vijitpongpun, director of listed property developer Pruksa Real Estate Plc (PS), the increase in wages in the second half of the year will…
