Thailand Property Market Hits Mortgage Rejection Crisis
Thailand’s property market faces a ‘Mortgage Rejection Crisis,’ with rejection rates hitting 70% for homes under 3 million Baht. Lower-income buyers can’t secure loans due to declining purchasing power and…
Phuket’s Used Property Market Surges, Outpacing New Developments
Phuket has long been a hotspot for high-end property development, especially luxury villas aimed at overseas buyers from Russia and China. This demand drove rapid growth, with many villas selling…
Chiang Mai Property Market Declines as Chinese Demand Falls, Myanmar and US Rise
Photo credit: Chiangmai.com The Government Housing Bank’s Real Estate Information Centre (REIC) reports that Chiang Mai, northern Thailand’s largest property market, is currently experiencing a slowdown. Despite holding over 50%…