Two women inspect models on display at a housing fair. The REIC expects inflation to delay the market’s recovery. Phrakrit Juntawong
Despite a forecast of 25% growth in residential transfers this year, reaching the level attained in 2019 might take until 2024 because of the rising rate of inflation, according to the Real Estate Information Center (REIC).
Vichai Viratkapan, the acting director-general of REIC, said higher inflation would cause a delay in the economic recovery and eventually affect employment and home purchasing power.
“We predicted in November last year the residential market would return to pre-pandemic levels in 2023, but we adjusted that timeline to…
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