Showing 1-3 of 3 results
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Mortgage rejection rate soars after pandemic
Business, Somruedi Banchongduang, Published on 12/03/2024
» Following the pandemic, there has been a surge in the rejection rate of housing loan applications, attributed to would-be homebuyers' weakened debt repayment capability, stemming from the sluggish economic growth and higher cost of living.
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Bad mortgage loans rise amid rate hikes
Business, Somruedi Banchongduang, Published on 23/05/2023
» Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.
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Inflation, rate hikes to hit housing sector
Business, Somruedi Banchongduang, Published on 16/06/2022
» The Housing Finance Association expects rising inflation and interest rate hikes to dampen demand for property and mortgages this year.
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