BANGKOK– The government’s housing loan policy will directly benefit low to medium income earners and stimulate the real estate market, according to a spokesman.
Government Spokesman Sansern Kaewkamnerd explained that the government housing loan policy will function to stimulate the real estate sector’s business and to help lighten the burden of low and moderate income earners.
With an increased purchasing power, the low to moderate income earners are more likely to spend, and in turn, boost money circulation in the economic system.
The government also set a requirement that house buyers earning less than 30,000 baht are able to apply for loans if the house price is less than three million baht.
This regulation will allow the low and moderate income earners to buy a house.
If the houses prices are too high, the group that will benefit the most will not be the target group, diminishing the policy’s intended goal.
