Prices Of Single Detached Homes Fall 3.59%

[andy1308]

http://www.ddproperty.com/en/property-news/2012/9/1651/single-detached-home-prices-decline

Single detached home prices in Thailand were down 3.59% year-on-year at the end of Q2 2012. They were up 12.2% during the previous 12-month period.

[trogers]

No mention on how last year's flood contributed to the overall 15% fall (+12% to -3%).

[PattayaPhom]

Decent build in a good location will increase and always be saleable....builds in the boonies are a diferent story.

[davejones]

No mention on how last year's flood contributed to the overall 15% fall (+12% to -3%).

Fall was 3.59% not 15%. So that means that prices are 3.59% cheaper than a year ago. They are not 15% cheaper.

[trogers]

No mention on how last year's flood contributed to the overall 15% fall (+12% to -3%).

Fall was 3.59% not 15%. So that means that prices are 3.59% cheaper than a year ago. They are not 15% cheaper.

I am looking at a fall in trend, not prices.

If prices were 6% higher than a year ago, I may draw a conclusion that the decrease trend in price rise is due to a combination of lesser demand (pehaps from weaker economic outlook) and increased supply, bring price rise in line with general inflation.

But the trend line did a drastic turn, like 90^o. What was the cause? The report did not say.

Edited September 7, 2012 by trogers

[rgs2001uk]

^^^^ Trogers,

the only reason I can think of, there are cheaper homes coming on the market now, perfectly logical if we consider the new emerging middle class.

You build and sell homes at a cost your market can afford, in theory homes may well be cheaper next year as new projects are built.

I notice no mention of house sizes in sqm or land sizes, I dare say those rabbit hutches on 56 tw up near Rangsit are driving the average price down.