Answereda year ago
What impact do foreign investments in Thai banks have on the real estate market?
FYI on banks.
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Answer summary
The discussion highlights concerns regarding the impact of foreign deposits ('farangs') in Thai banks on the real estate market. It raises issues such as the influx of deposits yielding zero interest, the potential lending to developers with unsold units, and the complaints from the hotel industry about high vacancy rates due to foreign condo rentals via platforms like Airbnb. There's an implied risk of a housing market bubble, with potential regulatory changes targeting foreign investors.
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David *******
Well think of all that free money deposited by the farangs for zero interest. That's lent out to the developers building units they can't sell. The Hotels body has the government's ear and complains that too many rooms are unoccupied because those cheeky farangs are renting out their condos on Airbnb. That's why there's pressure to revert to 30 days to cut out the farang condo owners. And now the bubble could be about to burst....pop!
Max *************
So what?
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