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The Thai real estate market has set a course for recovery. The reason for this was the government's measures to stimulate and restore the economy, such as the recent reduction of bank commissions to 0.1% for mortgages until December 31, 2022.
Utai Utaysansuk, Chief Executive Officer of the Operations Department of Sansiri Public Company Limited or SIRI, said that the property market in 2022 has a good chance of recovery thanks to government measures to stimulate and restore the economy and reduce transfer and mortgage fees. With the weakening of LTV for mortgages to 100% by the end of 2022 (from the previous LTV level for housing loans at 70-90%), this is good news for buyers and entrepreneurs. And this is a positive factor that makes the real estate market more active and supports the incentive policy.
After these measures, it is planned to sell the property for about ฿8,000,000 in the first quarter of 2022.