Published: Jan 20, 2020
The Bank of Thailand has relaxed conditions on home loans, aimed at supporting first-time homebuyers and those buying a second residence, said deputy central bank governor Ronadol Numnonda, adding that however, they must show a record of financial disciplines.
Published: Nov 18, 2019
Applications for property loans in the third quarter witnessed a rise, which has led to the conclusion that the Bank of Thailand’s loan to value (LTV) ratio, which came into effect in April, does not prevent people from buying their first home, BOT assistant governor of financial institutions stability Ronnadol Numnonda said on Monday (November 18).
Published: Oct 29, 2019
Referring to the Cabinet’s approval of the measure to cut transaction and mortgage fees for those purchasing a property worth no more than Bt3 million earlier this month effective from January 1 to December 24, 2020, Tritecha Tangmatitham, managing director of Supalai, said that the measure will be beneficial only if it came into force immediately rather than next year.
Published: Oct 07, 2019
Chainid Adhyanasakul, chief executive officer of Property Perfect, said recently that the main factors bringing down the property demand this year are the global economic slowdown and domestic debt, though the loan to value (LTV) measure is helping the market grow sustainably.
Published: Sep 22, 2019
For homebuyers looking for lucrative deals, this might be the time to invest when many property firms are launching special promotion campaigns to sell residential projects that could not be transferred to previous customers who could not get loans due to the new loan-to-value (LTV) regulations.
Published: Aug 08, 2019
Thailand’s Monetary Policy Committee’s decision to cut the interest rate by 0.25 per cent on Wednesday is unlikely to help the property market, which is suffering as a result of the introduction of the loan-to-value or LTV measure, property experts say.
Published: Jul 21, 2019
Property firms are pressing the new government to ease up on the loan-to-value (LTV) tightening measure in the wake of a 31 per cent drop in the property market in the second quarter of this year from the year-earlier period.
Published: Oct 04, 2018
THE BANK of Thailand’s (BOT) tightening policies that make it harder for many home-seekers to gain mortgages will force property companies to shift their business focus from catering to middle-income earners to those in the upper brackets, developers say.