Trend: house prices rose by 5.01% y-o-y in Q2 2018
Nationwide house prices rose by 5.01% during the year to Q2 2018, in contrast to a y-o-y decline of 3.02% in the previous year. House prices fell slightly by 0.58% q-o-q in Q2 2018.
Analysis: Demand is rising
During the first five months of 2018, nationwide land and building transactions rose by 3.2% y-o-y to THB 425.74 billion (US$ 13.1 billion), according to the Bank of Thailand. In May 2018, property credit outstanding also increased 5.7% to THB 2.78 trillion (US$ 85.3 billion) from the same period last year.
Rents, rental yields: yields are good in Bangkok at 8.05%
Bangkok apartment costs are moderate, at around $3,638 per sq. m.
|Thailand: city centre apartment, buying price, monthly rent (120 sq. m)|
|Buying price||Rate per month||Yield|
|Bangkok||$ 436,560||$ 1,837||8.05%|
Recent news. Thailand's economy expanded by 4.6% in Q2 2018 from a year earlier, from y-o-y growth of 4.9% in Q1 2018 and 4% in Q4 2017, according to the National Economic and Social Development Board. The Bank of Thailand recently raised its 2018 economic growth forecast for the fifth time to 4.4% from its earlier projection of 4.1% due to rising exports and strong private consumption.