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News Forum - Thailand records a drop in the sale of used homes

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A survey by Thailand’s Real Estate Information Center (REIC) revealed there was a drop in the sales of used homes throughout the kingdom in the third quarter of last year. REIC acting director-general Vichai Viratkapan reckons the decrease is down to the cut in transfer and mortgage fees, the easing of loan-to-value (LTV) limits, and an increase in second-hand home transfers. “The number of second-hand homes transferred in the third quarter of 2022 increased from the first and second quarters. It was also 15% higher than in the third quarter of 2021. “The year-on-year increase is down to owners and […]

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