The lasting appeal of Bangkok will continue to propel its property market, notwithstanding domestic and international headwinds.
2017 is presenting itself as a year of uncertainty for the local Bangkok property market. Firstly, with the atmosphere of global economic and political turbulence, Thailand’s export-led economy is facing some strong headwinds. At the same time, rising local household debt has caused Thai banks to tighten lending resulting in a slowdown in Q4 of 2016.
Notwithstanding that, Central Bangkok and its prime areas have been relatively insulated from the economic impact of these issues. However, residential properties in Bangkok’s suburbs, especially in the areas that will be welcoming the new mass transit lines have been struggling and going through tough market conditions.