The Central Bank of Thailand Simplifies the Rules of Mortgage Lending to Support the Real Estate Market
October 29, 2021
9
The regulator raises the limit of the loan-to-value ratio (LTV) to 100% by the end of 2022.
Thailand's central bank has further relaxed mortgage lending rules to help the real estate sector, which is struggling with the effects of the pandemic.
According to officials, the limit of the loan-to-value ratio (LTV) has been increased to 100% by the end of 2022 in order to increase activity in the real estate market, which will take years to recover. Recall that earlier LTV was 70-90%.
"Uncertainty remains high, and some sectors are still unstable, so measures have been taken to stimulate the economy and increase jobs," said at a press conference Roong Mallikamas, the assistant governor of the Central Bank of Thailand (BOT).
According to her, these measures will apply to all mortgage contracts, including refinancing.
The real estate sector accounts for about 10% of Thailand's GDP, and employs 2.8 million people, said BOT senior director Don Nakornthab. The central bank forecasts GDP growth of 0.7% this year and 3.9% in 2022 after a decline of 6.1% in 2020.
Southeast Asia's second-largest economy is expected to return to pre-pandemic levels in early 2023. However, normalization of the real estate sector will take much longer, Nakornthab said.
"The economy has already reached the bottom. But without additional measures, it is expected that activity in the real estate sector will not return to pre-crisis levels until 2025," he said.
It is expected that the easing of mortgage lending rules, together with any additional measures, will lead to an increase in the volume of housing lending by about $1.5 billion per year.
Check out available properties in Thailand:
128 855 €
Apartment on Phuket Island, Thailand
45 sq.m11
In the complex: The modern luxury complex is a unique project located just 200 meters from Surin Beach. Seven 5-storey buildings, lobby, reception, 24-hour Family Mart store, restaurant, fitness club, conference room, sun terraces, spa massage, underground parking, 13 swimming pools; for children - children's club, playground, children's pools....
Exotic Property
115 714 €
Apartment on Phuket Island, Thailand
31 sq.m11
In the complex: a new modern complex with a large selection of studios, one-room, two-room and three-room apartments. On-site outdoor swimming pool with Jacuzzi and waterfall, relaxation area, restaurant, SPA, fitness center, 24-hour security, underground Parking.
In the apartment: modern interior style, high-quality interior decoration. The...
Exotic Property
83 040 €
Apartment on Phuket Island, Thailand
45 sq.m11
In the complex: a complex of 4 buildings with apartments on a mountain slope with a panoramic view of the Andaman coast, a communal swimming pool, a restaurant, a SPA center, 24-hour security. The main feature is the proximity to the developed infrastructure of the largest tourist area of Patong with an abundance of supermarkets, bars and...
Exotic Property
187 986 €
Flat on Phuket Island, Thailand
63 sq.m211
This is a development on the tropical island of Phuket, the perfect opportunity for an investment holiday home. Bright Phuket will spark you with modern & stylish interiors, high-end finishing surrounded by the tropical paradise of Bang Tao beach in Phuket. There are a variety of units ranging from one-bedroom suites with pool access to...
King Window View
103 491 €
Apartment on Phuket Island, Thailand
36 sq.m111
This a new condominium on Bang Tao Beach. Inspired by the nearby Andaman seascape, the structure takes a distinctive shape of a cruise ship, along with a sprawling top deck with a pool and sunbathing terrace. The rooftop is also home to a fitness, health and rejuvenation center as well as a bar and a restaurant, all of which offer panoramic sea...
King Window View
414 051 €
Villa on Phuket Island, Thailand
228 sq.m322
This a new project on Phuket Island developed by E-Land Development. Project consists of 51 villas with 2-3 bedrooms and harmoniously combines Loft Style Living design with open spaces. The unique villas are equipped with the latest technology. Each pool villa in the complex is equipped with solar panels on the roof, which will be the main...
King Window View
2 418 262 €
Villa on Phuket Island, Thailand
514 sq.m
ID37932: A complex of 19 exclusive villas from the leading brand of the hotel industry. Each villa is surrounded by tropical vegetation, which provides complete privacy.
Three bedroom villas available (all bedrooms with en-suite bathrooms)
Large living room and additional multifunctional room
Separate dining room
Kitchens in Western and...
Russia Sotheby’s International Realty
569 346 €
Villa on Phuket Island, Thailand
370 sq.m33
Description:Unsurpassed comfort and privacy in a carefully designed cozy and atmospheric environment. The exclusive luxury project is located in the bosom of a beautiful and serene nature: there are lakes and trees, an atmosphere of luxury and tranquility, a closed shopping center for shopping, restaurants and entertainment, exquisite spas and...
Penthouse with 4 bedrooms and private pool in Royal Phuket Marina.
Infinity pool with Jacuzzi on the roof
Roof garden with dining area
Private elevator directly to the apartment
European built-in kitchen
Fully furnished
Royal Phuket Marina is a wonderful world—class place that combines a luxurious life by the sea with an ultra-modern...
Phuket Luxe
175 364 €
Flat in Pattaya, Thailand
73 sq.m22
Online ViewingRemote TransactionPayment in RUB
Brand new 1-bedroom apartments by the sea in Whale Marina Condominium. Ready to move in! New 2-bedroom apartments with sea or city views in an ideal residential complex Whale Marina Condominium. Fully finished and furnished - you don't have to wait for the completion of construction and you can move in right now! Whale Marina Condominium is...
Rusich Property
133 243 €
Apartment in Thailand
38 sq.m1
ADM Platinum Bay is located on Kamala Beach, in the center of the west coast of Phuket. The location is convenient because Kamala is just a 45-minute drive from Phuket International Airport, 35 minutes to the main point of Rawai Pier, 25 minutes east to the central department store and 35 minutes to Phuket Town. Kamala Beach is 2.3 kilometers...
Indreams Phuket
42 024 €
Apartment in Phuket, Thailand
22 sq.m11
Decorate your life in a modern style at VIP Great Hill Condominium, a low-rise condominium with a modern and unique luxury design combining beautiful buildings and a friendly environment. Ideally close to Nai Yang Beach and 5 minutes from Phuket International Airport. Surrounded by lively landscapes, the project creates a warm homely atmosphere...
Indreams Phuket
188 776 €
Apartment in Phuket, Thailand
53 sq.m22
Online ViewingRemote TransactionPayment in RUB
The sales office of the developer Phuket 9 offers studios and apartments with 1-2 bedrooms in a new complex 300 meters from Kata Beach.
Apartment - type C: 2 bedrooms - 52.6 - 55 sq.m.
Price: from THB 7.070.000 ($203.455)
The infrastructure of the complex: a swimming pool and a rooftop bar with panoramic views, a gym, a children's club, a...
Intermark Real Estate
2 220 000 €
Villa on Phuket Island, Thailand
740 sq.m55
Online ViewingRemote Transaction
Ocean’s Edge’ is a Thai-Bali styled 5-bedroom, 5-bathroom oceanfront villa, in a small private headland development.
The house itself is 740 sqm and the land plot 1,400 sqm.
The villa has been extensively modernized and refurbished in 2020.
The Villa is made up of 4 separate pavilions, a large pool, and an expansive sandwich...
Pulse Real Estate
299 513 €
Apartment in Phuket, Thailand
54 sq.m11
Description Just imagine that every morning you will wake up to the quiet sound of a wave and see a calm ocean in front of you.. And to be on a sandy beach, you only need to take a few steps... Imagine how you and your loved ones enjoy a luxurious life by the warm sea. Sunshine Beach is a residential and investment complex developed by developer...
Indreams Phuket
116 909 €
Studio on Phuket Island, Thailand
44 sq.m111
The condominium with sea view consists of 112 studios and 61 apartments with 2 bedrooms.
Apartment - type A: studio - 44.2 sq.m
Price: from THB 4,924,370 ($126,000)The location is within walking distance to the beaches of Karon – 650 m and Kata – 1.5 km.
Infrastructure of the complex: 3 swimming pools with panoramic views, 3 bars,...
Intermark Real Estate
189 366 €
Studio in Phuket, Thailand
42 sq.m1
We present you a unique project of a resort complex with apartments and hotel rooms on the paradise island of Phuket. The exclusive project is divided into two parts: investment and residences. The unique location near Bangtao Beach, coupled with a developed infrastructure, make the project an ideal source for passive income. Completion date:...
Barnes International
49 459 €
Apartment in Pattaya, Thailand
29 sq.m211
STAR is 10th project from the biggest Finnish developer in Thailand. It is also the best project in terms of quality. Only the best materials and construction techniques are used in STAR. STAR is the result of our 13-year experience and expertise in combining the best construction practices of both Finland andtion, materials, equipment and...
Habita International Estates Ltd
112 459 €
Flat in Pattaya, Thailand
33 sq.m1
Online ViewingRemote TransactionPayment in RUBCredit
Ocean Horizon is a new project on the 1st coastline in the area of clean beaches on Jomtien. Ocean Horizon Beachfront Pattaya is located in a great area, has private access to a beautiful white beach. Nearby there are such well-known establishments that are among the top places to relax in Pattaya - Cafe Del mare, Bacco Beach, Glass House.All...
❖ Date of construction 2nd quarter 2024
❖ Distance to the sea - 200 meters to Bangtao Beach.
The projected income is at least 7% per annum.
❖ Form of ownership - at your choice Freehold / Leasehold.
❖ Installments up to 7 years.
This new residential complex is being built in the best integrated resort in Asia and within walking...