House prices up 6.1% says property website

house prices
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The growth of house prices in Thailand during the year ending March 2018 saw the country ranked inside the top ten of global housing markets ranked by performance.

According to the Global Property Guide website, house prices in Thailand rose by 6.1 percent year-on-year, ranking in tenth place of its surveyed countries.

As previously reported, the website uses Bank of Thailand data for single detached housing to represent the whole country.

That sector of Thailand’s real estate is, of course, not representative of the entire country so, as always, our advice is to learn about the source of any research you are reading about.

According to the survey, Macau is now the strongest housing market, up from fourth place the previous quarter. Average transaction prices of residential units rose by 20.58 percent during the year to Q1 2018.

The website reported that Thailand’s housing market is growing strongly again, with nationwide house prices rising by 6.1 percent during the year to Q1 2018.

This, it said, was in contrast to a year-on-year decline of 1.37 percent during the previous year.

The reported rise in house prices was also the biggest rise since Q1 2015, it said.

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