Chart, land : fall of sales confirmed in july

The alert in june is confirmed.

The total land transactions nationwide reached 32,31 billions THB in july, following 32,69 billions in june. That’s a 28 % fall compared to july 2007 (june was down 42 % year-on-year).

We have to return to the end of the year 2002 to see 2 consecutive months with such low total amounts…

We have clearly broken the long term trend.

(source Bank Of Thailand, table EC_EI_009)

Shall I risk a forecast ? Well if there isn’t any turnaround with a picking up in august, then it will certainly look bad… A clear sign that the real estate market is suffering.

0 Responses to “Chart, land : fall of sales confirmed in july”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

%d bloggers like this: