Housing market suffers as political unrest continues
This content is archived.
Residential property prices in Thailand dropped further in 2009, because of continuing political tensions and the recession. House prices fell 3.7% during the year to Q2 2009 (1% in real terms), according to the Bank of Thailand (BOT).
House prices in Thailand reached their highest point in 1992 (adjusted for inflation). Contrary to popular belief, house prices were already on the decline prior to the 1997 Asian Crisis, falling 2.4% p.a. from 1992 to 1997 in inflation-adjusted terms.
The rest of this archived report is part of Full Access.
