Jump to content

Recommended Posts

Posted

"BANGKOK, Oct 4 (Reuters) - Thailand's central bank, concerned about the number of property loans going bad, said on Thursday it will require buyers of homes worth more than 10 million baht($306,465) and of second homes to make downpayments of at least 20 percent."

 

I am in Toronto now where for the past 4 years while I was absent the government brought so many anti bubble regulations yet the prices increased 30% while I was gone. The above 20% downpayment rule on buying a second home (investment property) has been a rule in Canada for decades.

 

I used to believe there was a real estate bubble in Bangkok, but every city which is a major economic center is experiencing it. There is a real estate bubble all over the planet. Thailand may experience a crash in tourist destinations like Phuket, Chiang Mai, etc.... but if Bangkok crashes I am pretty sure the whole world real estate will crash.

 

 

  • Like 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Topics

  • Popular Contributors

  • Latest posts...

    1. 3

      New Shuttle Service Bridges Bangkok's Airports to Pattaya Shores

    2. 68

      Russia Rejects Trump's Temporary Ukraine Ceasefire Offer

    3. 0

      Keir Starmer Dismantles NHS England to Refocus on Patient Care and Frontline Services

    4. 0

      Donald Trump has upended millions of lives in his first 50 days in office

    5. 0

      Tragic Death of 5-Year-Old in Hyperbaric Chamber Sparks Criminal Charges

    6. 0

      NASA Crew Prepares to Swap Places in Long-Awaited Return

  • Popular in The Pub

×
×
  • Create New...