Property prices in Thailand are expected to remain constant or even decline, according to the majority of views expressed in the H2 2014 DDproperty.com Sentiment Survey, the results of which give a snapshot into the feelings and emotions of property buyers, sellers and renters in the kingdom.
Some 61 percent of those surveyed expressed an opinion they were “satisfied” with the real estate climate – up from 54 percent in the previous survey during the first half of 2014.
At the same time 88 percent of respondents were unsure if the Thai government was doing enough to make housing more affordable – answering ‘no’ or ‘don’t know’ to the question. This figure rose 1 percentage point from the previous six month survey.
Just 12 percent of those questions answered in the affirmative, that the government is doing enough.
When breaking down the market into its sectors more than half of people questions – 52 percent – felt that condominiums will buck the price trend and show upwards price movements of between 5 percent and 10 percent – or more. Some 17 percent felt there would be no change in this sector.
The residential rental market showed the least potential for price increases, according to the survey respondents, with the majority expecting either no change or a price decline.
The survey was conducted in association with Added Value Saffron Hill among 1,483 respondents via online questionnaires, and the subsequent results were weighted to ensure the sample is fully representative of the Thai adult population. The survey has been conducted twice per year since 2009.
Have your say. Do you think prices will fall, or will they continue to rise to record levels? Are you satisfied that enough is being done to make housing affordable? Leave your comment with this story or email andrew@propertyguru.com.sg. If your comment is not for publication please state this as we intend to publish an edited selection of responses.
