The Real Estate Information Center of Thailand (REIC) reported that the secondary real estate market increased in the fourth quarter of 2021 compared to the previous quarter. The Bank of Thailand announced the temporary easing of LTV measures. The government also provides resuming measures to stimulate the real estate market by reducing property transfer tax and mortgage lending rates. The measures are current until December 31, 2022. This will result in the secondary real estate market’s growth this year.
It was found that 145,753 properties were sold a month with an average monthly value of 990,224,000,000 baht during the fourth quarter of 2021 (October-December).
129,732 properties were sold a month in the third quarter of 2021, with an average monthly cost of 862,455,000,000 baht. In 2021, it was discovered that the month with the highest number of sold properties and the highest total value was November, with 149,529 properties worth 1,061,435,000,000 baht.
Based on the number of secondary housing units for sale in each category, it is detected that the number of secondary housing units of all types increased in the fourth quarter of 2021 compared to the third quarter of 2021.
As for prices, it was announced that townhouses rose in price by 18.1% on average; separate houses rose in price by 16.8%; twin house prices rose by 16.1%; condominium prices rose by 12 %; but commercial buildings decreased in price by 3.0% in the secondary real estate market.