Introduced in April, the revised mortgage-lending rules limit the appeal of real estate by restricting the money that second-home buyers can borrow.
The decline in number of Chinese visitors in Bangkok impacted the country as most of the foreign property buyers in Thailand were made up by Chinese Investors.
Chinese absence is mainly due to China’s slow economy and limited outflow of capital controls.
However, it is believed that the reduced prices may be short lived as Bangkok has goof infrastructure project plans that will help in its renewal. So, if you wish to buy a home in Thailand, hurry up!
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