Trend: house prices rose by 5.13% y-o-y in Q2 2018

Nationwide house prices rose by 5.13% during the year to Q3 2018, in contrast to a y-o-y decline of 0.62% in the previous year. House prices increased 1.09% q-o-q in Q3 2018.

Analysis: Demand is rising

During the first eight months of 2018, nationwide land and building transactions rose by 8% y-o-y to about THB 727 billion (US$ 21.98 billion), according to the Bank of Thailand. In August 2018, property credit outstanding also increased 6.3% to THB 2.84 trillion (US$ 85.78 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 3.3% in Q3 2018 from a year earlier, a slowdown from y-o-y growth of 4.6% in Q2 2018, 4.9% in Q1 2018 and 4% in Q4 2017, according to the National Economic and Social Development Board. The IMF expects the Thai economy to expand by 4.6% this year and by another 3.9% in 2019, after a growth of 3.9% last year. 

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