Bangkok rental business is under threat as consumers buy more condo units | Bangkok Post: property

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Rental apartment business at risk

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The apartment business is at risk as growing numbers of Thais move away from renting and instead want to buy condominium units, according to a new study released Tuesday by TMB Analytics. 

The think tank, basing its study on statistics from the Bank of Thailand, found that the real estate industry is at high risk at present, as the proportion of non-performing loans (NPL) to total outstanding loans ratio at the end of 2012 was 5.4%.

Only the construction industry has a higher ratio than the apartment rental industry, which is about twice the national average for NPLs,

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