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Thai central bank to ease rules on housing loans to support property sector -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The Bank of Thailand, Bangkok, Thailand is where you can see Thailand’s central banking institution. April 26, 2016, REUTERS/Jorge Silva/File Photos/File Photograph

BANGKOK, (Reuters) – The central bank of Thailand said Thursday that it would relax rules regarding the issuance housing loans to buyers in order to help a sector of property which has been hit hard by the effects of the pandemic.

According to officials, the sector’s real estate activity is not likely to stabilize until 2025. According to them, the ratio of loan to value would rise to 100% for all new loans and will increase to 90% on existing loans by year’s end.

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