Property prices in all market sectors throughout Thailand saw substantial year-on-year increases through January, according to the most recent data from Bank of Thailand.
In the first month of 2015, the prices on single detached homes, including land, rose by 4.4 percent year-on-year to stand at 118.1 points – which was actually a slight reduction from the previous month, according to BoT’s House Price Index and assessments by commercial bank mortgage loans.
The index has been maintained since January 2009, when a baseline of 100 points was established for all categories.
Town house prices, including land, saw a 5.9 percent year-on-year growth to reach 131.9 points which was a small reduction from the previous month.
With a 3 percent rise from the previous month, land prices rose by 8 percent year-on-year to reach 159.0 points in the Bank of Thailand Index.
Prices of condominiums rose by 15.3 percent year-on-year, according to the Index, to stand at 164.1 points, although this was actually a 0.8 point reduction on December’s figure.
In making its calculations, the Bank of Thailand makes the following points:
The prices of single detached houses including land, townhouses including land, as well as condominium price indices have been constructed by using the hedonistic regression method (seasonally adjusted, 3-month moving average).
The land price Index has been constructed by using mix adjustment method with fixed weight (seasonally adjusted, 3-month moving average).
Story: DDProperty / Photo: Philip Taylor
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