Associations see minimal impact from rate cut

Quick Summary:

Three property associations forecast a slim impact from the recent policy rate cut, as interest rates for mortgages were reduced by only 0.125%.

The House & Condo Expo running from Oct 31 to Nov 3 at Queen Sirikit National Convention Center, hosted by three associations, is estimated to generate 20 billion baht in sales from more than 1,000 real estate projects.

He said while the property sector should benefit from the rate cut to some extent, the impact would be minimal, slightly improving the market compared with last year as there is limited time for developers to act.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Year Rate Three Loans Policy Association Interest Associations Rates Banks Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 04:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23359855

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Official Website: bangkokpost.com

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