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Bangkok Post
Bangkok Post
Business

Thais put home ownership on hold

More consumers do not expect to buy a house in five years, mainly attributed to economic concerns. (Photo: Apichart Jinakul)

The proportion of consumers with no plans to buy a home within five years has risen sharply to 56%, from 47% a year earlier, marking the highest level in four years as concerns about the economy weigh on purchasing decisions.

According to Siam Commercial Bank Economic Intelligence Center (EIC), worries about the economy was the most common reason among Thais with no plans to purchase a home, accounting for 15% of respondents, up from 7% a year earlier.

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