Home ownership is a dream for many Thai people. Yet, the number of mortgage applications being denied is rising steadily. The Thai government has announced stimulus measures to boost local people’s purchasing power but also to attract additional foreign investment into the country’s real estate sector. These measures include proposals to increase foreign ownership quotas for condominiums from 49% to 75% and extend land leasehold terms from 30-50 years to 99 years.
Concerns are being raised by local people about already soaring property prices and the impact on housing markets of foreigners using condos as buy-to-let investments.
But what form will the government’s proposed regulations actually take? How will the changes affect housing markets in practice? How likely is it that homes will become unaffordable for local people? Are their concerns regarding foreign investment justified? What other regulations can be introduced to mitigate any adverse effects?
Join the discussion with IAS Advisory co-founder Mr Anuwat Ngamprasertkul in an episode of the popular evening TV programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin.
This episode premiered on Thursday 12th September 2024 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website here:: https://www.thaipbs.or.th/home