Confidence among Thailand’s real estate entrepreneurs declined in Q3 as a result of concerns over rising construction costs and the general slowdown in the economy.
In its latest report, Thailand’s Real Estate Information Centre (REIC) noted that their current situation confidence index stood at 52.5 – down from 54.7 in the previous quarter.
Samma Kitsin, Director-General of REIC, said the decline reflected concerns about sales levels and flooding, although he pointed out the current figure is up from the same period last year when the Index stood at 51.3.
A level above 50 is, however, indicative of general good levels of confidence in the market.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Recent stories you may have missed from Thailand’s number one property portal
Thailand’s richest are getting richer
Your chance to name a Pattaya condo
Thai property buyers are invtesors look to London
Singapore launch for Ananda’s Idea Q Ratchathewi – ahead of Bangkok
Thais are biggest tourist spenders in London
Sansiri sccops Best Developer Award at 2013 Thailand Property Awards