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Interest rate increases hit demand for residential units

Interest rate hikes have affected demand in the lower-end segment for residential units, resulting in a consecutive decline in transfers in the third quarter of 2023. Vichai Viratkapan, acting director-general of the Real Estate Information Center, said the number of residential units transferred has fallen year-on-year since the first quarter of 2023, with a drop of 0.8%...

Bangkok land price index up 3% in Q3

The land price index in Greater Bangkok for the third quarter of 2023 increased 3% year-on-year, the lowest growth rate in seven quarters. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the previous low for growth was in the fourth quarter of 2021 at 1.7%, which was the smallest in more than a decade. "Several negative factors...

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