The economic rebound, a revival of purchasing power and unchanged housing prices will drive residential market growth in the fourth quarter amid inflation and rising interest rates, according to property developers.
Peerapong Jaroon-ek, president of the Thai Condominium Association, said interest rate hikes were not a concern as there were a lot of positive factors driving the market in the remainder of the year.
"The economy is picking up and purchasing power has resumed after employment improved," he said. "The impact of these positive factors are stronger than the impact of negative factors."
