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Rising inflation and interest rate hikes are expected to impact demand for real estate and mortgages this year due to the price of new homes rising in parallel with the cost of construction materials, according to the Housing Finance Association. The outbreak of Covid-19 has had a major impact on the real estate market for the past 2 years. In the first quarter of 2022, new home sales fell by 30% year-on-year, according to the acting director-general of the Real Estate Information Center, Vichai Viratkapan. Thanks to Thailand’s post-pandemic reopening to international travellers this year the real estate market has […]

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More fairy tales!

Rising prices due to inflation.

The prices in the current climate are already overpriced. They were overpriced pre pandemic! 

Every property website advertising property for sale or rent, is advertising the same property month, after month, after month, with no takers.

You can now rent one bedroom condo, in Patong, for 6500 thb per month. There are still no takers.

Get real, the property market in Phuket is on its knees, the halcyon  days are over, and given the world economic climate, are not going to return anytime soon. 

Alleged Russian buyers, (Thai government approving sanction busting are they?) Doubtful,  absolute nonsense! Chinese buyers, not for sometime to come.

Everyone forgot about the collapse of Evergrande and Kaiser, their nations lockdown?

I'm not naive enough to think that there will not be some people who can find a way round the current state of play, but not enough to breath life back into a dead horse, certainly not for years to come.

Edited by BIGGLES
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This is wishful thinking by owners or agents. There are too many empty apartments in Bkk; an oversupply without a counter-demanding demand.

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How does rising interest rates makes one want to buy a property now.

Looming recession will make real estate sector worse.

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