Thailand house prices dropped by 0.62 percent during the 12 months ending September 2017.
This is according to the latest report from the Global Property Guide website.
But wait. This publisher uses only the data from the Bank of Thailand covering single detached houses to represent Thailand house prices as a whole.
So, the prices of the majority of residences in Thailand – condominiums – are not included in this particular research.
The Global Property Guide reported: “Thailand’s property market continued to lose steam.”
“[Thailand] house prices fell slightly by 0.62% during the year to Q3 2017, in contrast to a year-on-year rise of 1.01% in the previous year.
“House prices increased 0.98% quarter-on-quarter in Q3 2017,” it concluded.
Yet another example that you should not believe everything you read, without questioning it.
Elsewhere, the Global Property Guide noted that Europe, Canada, Hong Kong and Macau continued to experience strong price rises.
But, most of the Middle East, Latin America, New Zealand and some parts of Asia were experiencing either house price falls or sharp deceleration of house price rises.
It reported that the five strongest housing markets in its Global House Price survey for Q3 2017 were: Iceland (+18.76%), Hong Kong (+13.14%), Macau (+10.53%), Canada (+9.69%) and Romania (+9.36%).
The biggest year-on-year house-price declines were in Egypt (-8.68%), Kiev, Ukraine (-6.81%), Russia (-6.69%), Mongolia (-5.7%) and Qatar (-2.85%).