Thailand Residential Market Update 2020

On the 30th of April, Locanation has been privileged to host a live webinar featuring honorable guest, Tim Skevington, Managing Director of Richmont’s Christie’s International Real Estate who shared insightful data on the current situation of the Thailand residential market of 2020.
During the live webinar, Tim Skevington covered the three key questions that many of you have wondered since the unfortunate emergence of COVID-19:
- What has happened to the Bangkok residential property market since COVID-19 began?
- What are the opportunities for investors? Where they are and how to find them.
- What does the future hold? When can we expect to see signs of recovery?

[@donusry]

Best Bangkok Real Estate Channel hands down.. ..please keep making your superb content and the subscribers will grow

[@locanation183]

Thank you! :D

[@donusry]

Locanation สู้ๆนะ

[@Grappa171]

The first analysis video that I saw so far. Other channels are just showcasing apartments, completely ignoring the fundamentals of any market : supply and demand. You guys did a good job, I personally expect that it will take longer timeframes to see a complete recovery. Also, China vs USA situation may impact the Thai market and surely it makes sense to keep an eye on the development of the Chinese situation on broader horizons (for example Belt and Road initiative).
I disagree on the leverage exposure of Thai consumers, but that’s my idea and I completely respect your views. Thanks for the video. Great job

[@locanation183]

Thank you!

[@VolatileVix]

Excellent, but I can barely hear it

[@Kenney1234]

can do a video explaining bank loan ..legal fees, taxes etc for foreign buyer?

[@locanation183]

Sure, we will work on it. Stay tuned! 😄

[@dksharron]

In short, there is only one lender for foreigners in Thailand. MBK Guarantee Company. Basically, 50% LTV, 10 year loan, mortgage fee, lending fee, fire insurance, life insurance, etc., about 8.5% / year. www.mbkg.co.th/en/services/condo-loan/terms-and-qualification

[@illfreakynana]

Very informative. Thank you for this update. In Canada the changes to Airbnb have flooded the rental market and reduced rental rates. Has this effect also been seen in BKK.

[@locanation183]

Yes, it has massively affected the rental market here as well. Airbnb are now prohibited in many condo projects. You will get fined if someone tells the police that you're renting out your apartment on daily basis.
Still, some developers are adapting their strategies into their new developments by allowing certain parts of the building to be operating like hotel rooms for short-term rentals. That's very clever indeed. =D

[@hubrismaxim]

Just a note, in Canada the rental rates have not been reduced at all. They continue to rise higher and higher. The poster is very misinformed. The AirBnB regulations in Canada have been utterly toothless.

[@TheErtsj]

Catching a fallin knife