26.03.2013 - Bubble set to form at low end of Thai market
Mortgages are to set a new record of 21 to 22 percent of Thailandís gross domestic product (GDP) over the next two years, reported Live Trading News. The majority of these mortgages are at the low end of the market and increase the risk of a bubble forming in that segment. Markets have been unsettled due to a recent warning from the Bank of Thailand about growing household debt. Higher household debt has been largely attributed to the Yingluck Shinawatra administrationís policies, including the tax rebate of up to THB100,000 (US$3,416) for first-time car buyers...............................................Full Article: Source
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