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Property Bubble Set to Form at Low end of Thai Market

A majority of mortgages are at the low end of the Thai market and increase the risk of a bubble forming in this segment, partly because of euphoria over the forthcoming Asean Economic Community.The mortgages are to set a new record of 21 to 22% of Thailand’s gross domestic product (GDP) over the next two years, reported Live Trading News.

Markets have been unsettled due to a recent warning from the Bank of Thailand about growing household debt.

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Bank of Thailand: Property Prices Surge won't Affect Economy

Some areas of Thailand property prices surge will not affect Thailand entire economy, according to Prasarn Trairatvorakul, governor of the Bank of Thailand (BOT). “The BOT does not see that the property price hike is caused by speculative inflows,” said Prasarn after the private sector called for the central bank to limit foreign capital inflows, and deal with the bubble in the bond, stock and property markets.

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