Housing in Thailand continues to rise in price

Housing in Thailand continues to rise in price

The cost of housing in Thailand has been growing year-on-year for 13 consecutive quarters. In the third quarter of last year, average prices for residential property in the Kingdom increased by 5 percent year on year. From July to September houses and apartments in Thailand rose by 0.91 percent.

In addition, in Thailand residential construction continues. In the first eight months of last year, the number of registered condominiums in the country rose 55 percent year on year to 60,894 units. In the capital region, the rate jumped 96 percent to 40,298 units over the same period.

The average price for an apartment in Bangkok is $3,640 per sq.m. Apartments in the city center with an area of 120 square meters can be bought for an average of $436,560, and rented out for $1,840 per month. The average yield from such an apartment will be 8.05 percent per annum.

In August last year, the volume of mortgage lending in Thailand increased by 5.9 percent year on year to $107.32 billion.

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Housing in Thailand continues to rise in price