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Housing debt crisis tops 232B baht, signals repayment strain
Housing debt crisis tops 232B baht, signals repayment strain
MONDAY, MAY 12, 2025
Rising mortgage debt restructuring signals mounting financial stress, as Thai households struggle to keep homes amid fragile recovery and high costs.Cabinet approves 0.01% cut in property transfer/mortgage fees
Cabinet approves 0.01% cut in property transfer/mortgage fees
TUESDAY, APRIL 08, 2025
Cabinet cuts property transfer and mortgage fees to 0.01% for homes under 7M baht, effective until June 2026 to ease buyer burden and aid developers.Amid tight mortgage lending, more opt to build or renovate homes
Amid tight mortgage lending, more opt to build or renovate homes
SUNDAY, AUGUST 04, 2024
More opting to build or renovate homes, especially in rural areas, suburbs, and outskirts of BangkokInterior Ministry slashes mortgage, transfer fees to boost property sales
Interior Ministry slashes mortgage, transfer fees to boost property sales
WEDNESDAY, APRIL 10, 2024
Two directives from the Interior Ministry were published in the Royal Gazette on Wednesday in a bid to boost the sale of property in line with the Cabinet’s resolution on the previous day.Govt plans incentives to boost sales of property priced at over THB3 million
Govt plans incentives to boost sales of property priced at over THB3 million
SATURDAY, APRIL 06, 2024
The Ministry of Finance will next week propose measures to boost the property sector to the Cabinet, hoping to see a nearly 800 billion baht sales boost and a 1.58% contribution to GDP expansion, a news source said on Friday.Mortgage rejections push many young first-time buyers to rent
Mortgage rejections push many young first-time buyers to rent
MONDAY, FEBRUARY 05, 2024
The economic downturn has severely impacted the market for houses priced below 3 million baht, with the rejection rate for mortgages for condominiums and houses rising to as high as 60%, and the income of the younger generation failing to keep pace with the rising cost of housing.Transfer, mortgage fees to stay at 0.01% until Dec 31
Transfer, mortgage fees to stay at 0.01% until Dec 31
TUESDAY, JANUARY 18, 2022
Property transfer and mortgage fees will remain at 0.01 per cent until the end of 2022 for properties costing no more than 3 million baht.U.K. mortgage lender offers rare 40-year deal at a fixed rate
U.K. mortgage lender offers rare 40-year deal at a fixed rate
TUESDAY, NOVEMBER 23, 2021
With inflation accelerating and the Bank of England set to hike interest rates, a U.K. mortgage lender is offering homebuyers one less thing to worry about.Mortgage industry roars to best year ever, courtesy of the Fed
Mortgage industry roars to best year ever, courtesy of the Fed
FRIDAY, DECEMBER 04, 2020
The Federal Reserve has handed U.S. mortgage lenders their best year ever. Nobody knows that better than Shant Banosian, the industry's first billion-dollar salesman.GSB offers ‘reverse mortgages’ to elderly customers
GSB offers ‘reverse mortgages’ to elderly customers
WEDNESDAY, NOVEMBER 04, 2020
The Government Savings Bank (GSB) has made "reverse mortgages" available to the elderly, aiming to provide a sustainable source of income to these homeowners, the bank announced on Wednesday.
