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Housing in Real Estate Market by Dr. Sopon Pornchokchai
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anildhope
Joined: 17 Jun 2008
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Posted: Fri Nov 12, 2010 8:27 am Post subject: Housing in Real Estate Market by Dr. Sopon Pornchokchai
Housing in Real Estate Market by Dr. Sopon Pornchokchai
Real estate shares fall shocked Bank credit control prevent bubbles. Lessons for Thai foreign debt for the chase ... Journalists reporting the share price movement was the real estate. Most declined. Since the case concerns the Bank of Thailand (BOT) control signals Mortgage. To prevent bubbles in real estate. Potential in the long term. While Research Asia Plus Securities Ltd. estimate that the position of the BOT operators must adapt to dramatic, especially the sale may be increased to a higher down payment. And a bigger problem. Selling is already occurring. And waiting for loans to banks in 14 of the company's stock is worth more than 100,000 million baht if the criteria for a maximum credit limit on appraised value of collateral (LTV), lower from the present. Could cause some buyers can not be transferred. Impact to the financial position of the operator. And will continue to affect financial institutions to lend to projects. Mr. Sopon Pornchokchai President Research and Information Center Thai Property Valuation Agency For Real Estate Affairs Co., Ltd., or an AREA revealed that the collection of measures. Lessons from China and the United States. To provide the Bank of Thailand (BOT) operators are used to study the problem debt chasing. To prevent effects that might follow. The case of the United States. Before the 2551 economic crisis since the number of residents increased from 1.5 to 2.0 million units per year, but after the crisis has created a new home less than 500,000 units per year, or about one-third. Equal to that of the home beyond. Real need to double Each year the housing up to 10% per year from the years 2535-2550 led to a refinancing or a home to increase the loan to finance the most widely usable. Ratio of loan to property value or LTV is higher than normal rate of 70-80% of the value is 90%, 100% and 120%, respectively, with the expectation that house prices are still more relentless. Only when the economic downturn. House prices are back down to the present. For more than three years, house prices continued to slump. Measures to solve problems for real estate - property Overheating in China Measures that Thailand should study such as in the year 2012 was announced that those who would buy a house as a second must be down at least 40% of house prices, while financial institutions to control lending to buyers, second home. Not like to use the loan in accordance with the lack of collateral. As well as the seller of the home held less than five years must pay business taxes. For those holding under it to business tax on the increase in price in the year 2013 requirements buyers second home to put down 50% and buy a house after a third may not. receive any credit. And purchased by foreign governments to stop the unit to stop the speculation, until the issuance of the policy, "one family one house," to reduce the heat of the real estate market.
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