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.
