Thai central bank to ease rules on housing loans to support property sector
© Reuters. FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo/File Photo
BANGKOK (Reuters) – Thailand’s central bank said on Thursday it will ease rules on the issuance of housing loans to buyers, in an effort to boost a property sector struggling from the impacts of the pandemic.
Real estate sector activity was not expected to normalise until 2025, officials told a news briefing. The loan to value ratio would be increased to 100% from 70%-90% on new loans until the end of next year, they said.
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