Housing prices in Thailand increased by 2.15 percent during the year to Q3 2014, down from 3.61 percent in the year before, according to a report by Global Property Guide.
Compared to the previous quarter, prices of residential units grew by 3.42 percent in Q3.
The country’s economic growth is also expected to slide to 0.96 percent this year, from annual growth rates of 2.9 percent in 2013 and 6.5 percent in 2012.
Meanwhile, the momentum in Asia’s property markets weakened in Q3, with China and Singapore entering a downturn.
Romesh Navaratnarajah, Senior Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
