Jittery locals delay property purchases

Thai buyers delayed property purchases because they were not confident about prices and worried about mortgage lending, according to a consumer sentiment survey by property portal DDproperty.com.

The website’s country manager Kamolpat Swaengkit said the pandemic changed buyer behaviour as 75% of 1,002 Thai respondents delayed property transactions.

“One-third had higher uncertainty about property prices and difficulty in securing home loans,” she said. “Meanwhile younger respondents, or those aged 22-29, looked more for financial information, while price was a bigger concern for high-income earners.”

Mrs Kamolpat said some 15% considered the pandemic a good opportunity to make property investments as developers offered promotions and…