The Bank of Thailand’s Condominium Price Index is one of the most trusted and independent sources of data covering the whole of Thailand’s property and real estate markets.
Latest data, up to the end of 2017, revealed a substantial uptick in prices compared with previous months, and a 1 percent year-on-year rise.
At a time when many researchers are proclaiming up to double-digit price growth in parts of Thailand including Bangkok, the facts from the Bank of Thailand covering the whole of the kingdom’s condo sector portray a different picture.
The Index, published last week, showed the Condominium Price Index has now recovered and is ahead of where it was one year ago.
For its Condominium Price Index, the Bank of Thailand uses the hedonic regression method (rolling window and time dummy), to give a three-month moving average.
Other research from, for example, Bangkok-based real estate agencies, focuses on either company internal data or on a specific location, such as central Bangkok.
This Index began at 100 in January 2009, and indicates that any Thailand condominium investment made at that time would be producing an average 75 percent rise in less than 10 years.