{"id":10006,"date":"2020-11-23T16:20:46","date_gmt":"2020-11-23T09:20:46","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10006"},"modified":"2021-06-04T15:48:00","modified_gmt":"2021-06-04T08:48:00","slug":"thailands-property-market-shows-optimism-for-q4-2020","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/thailands-property-market-shows-optimism-for-q4-2020\/","title":{"rendered":"Thailand\u2019s property market shows optimism for Q4 2020"},"content":{"rendered":"

Despite property market contractions from the 2020 economic downturn, Q3 picks up with increased property buying and selling<\/p>\n

\"\"
Night cityscape, office buildings and apartments in Thailand at dusk. Panya7\/Shutterstock<\/figcaption><\/figure>\n

Thai real estate has faced tremendous challenges ever since the economy slowed downed at the beginning of the year, including spikes in household debts and new loan regulations from the Bank of Thailand that inflated down payments. Despite Q4 showing optimism and \u201cgolden opportunities for buyers and long-term investors\u201d, experts aren\u2019t certain until 2021.<\/p>\n

According to DDproperty<\/a>, Q4 2020 presents great opportunities for the real estate market, as intense competition among sellers have caused property prices to remain low, especially with condominiums and townhouses. Townhouses have been very attractive, as prices dropped to those of condominiums, posing challenges in selling condominiums, particularly if they\u2019re in the same area.<\/p>\n

Buyers have also shifted their interest onto the usable area of a property, building demand on houses around the central business district. These areas not only provide convenient transportation access, but also avoid homeowners from high-density living in inner-city neighbourhoods. As a result, selling landed residential properties in the outskirts of Bangkok have been more effortless during this time.<\/p>\n

More: Thailand sets smart cities in motion in the ASEAN region<\/strong><\/a><\/p>\n

The three Bangkok locations prone to property oversupply are: Huai Khwang Subdistrict, Bang Na Subdistrict, and Suan Luang Subdistict. A price war has already emerged, so it is best for sellers to delay their exchanges if they wish to yield any profit.<\/p>\n

Kamolpat Sawaengkit, the country manager of DDproperty said, \u201csellers wishing to sell properties on the aforementioned three locations are recommended to delay such decisions at the moment and wait for the market to have lower inventories and higher demand, to earn better returns.\u201d<\/p>\n

Despite property promotions and discounts, experts don\u2019t foresee significant changes in Thailand\u2019s real estate until the beginning of 2021, encouraging buyers to save their money. The nation\u2019s political and economic instabilities, as well as a potential second COVID-19 wave, will still provide uncertainties to the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite property market contractions from the 2020 economic downturn, Q3 picks up with increased property buying and selling<\/p>\n","protected":false},"author":9,"featured_media":20829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[528,133],"class_list":["post-10006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-market-update","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nThailand\u2019s property market shows optimism for Q4 2020 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/thailands-property-market-shows-optimism-for-q4-2020\/\" 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