The property market in Greater Bangkok is likely to grow by only 5% this year, much lower than the previous forecast of 10%, due to stricter mortgage rules, higher household debts and political problems, say industry groups.
People check out new projects at the 29th House & Condo Fair at the Queen Sirikit National Convention Center in Bangkok yesterday. The fair runs until Sunday. Developers believe buyers will return once they feel secure about their income. SOMCHAI POOMLARD
Atip Bijanonda, president of the Housing Business Association, said the overall property market value in Greater Bangkok this year will total about 300 billion baht, an increase of 5% from 2012.
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