Homebuyers browse model homes at a housing fair. The REIC says the housing market in the third quarter improved from the previous quarter. Phrakrit Juntawong
Access to loans is important to boost the property market in 2021 as recovery momentum is expected to continue from the third quarter this year, according to the Real Estate Information Center (REIC).
Vichai Viratkapan, the centre’s acting director-general, said housing demand is strong despite the pandemic, but homebuyers had more difficulty in getting mortgages approved.
“Mortgage lending rules are stricter,” he said.
“An economic recovery next year can help rebuild the confidence of financial institutions, resulting in an easing of rules. Homebuyers would then be able to better access mortgages.”
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