Lending Reforms Expected to Boost Thai Real Estate in 2025
Eased Loan-to-Value Rules May Spur Growth in Middle-Income Housing
Pruksa Real Estate anticipates improvements in Thailand's real estate sector in 2025, buoyed by potential easing of loan-to-value (LTV) regulations.
Pruksa's CEO, Dhira Thongwilai, noted a 20% contraction of the market in 2024, projecting continued decline into the next year.
However, relief may arrive with relaxed LTV measures, encouraging second-home purchases and promoting mid-priced project developments.
Pruksa intends to focus on houses priced between 7-15 million baht, targeting niche markets.
The company's launch, The Palm Residences Pattanakarn, valued at 2.6 billion baht, includes 57 luxury units starting from 45 million baht.
Located within Pruksa Avenue Pattanakarn, the project boasts green certifications, smart facilities, and proximity to Bangkok's downtown and Suvarnabhumi airport.