Thailand: Sales of used homes in first half drop 20-25% from last year.

Section: General News - Sales of used homes in the first half dropped by 20-25% from last year in line with the economic situation but should improve by the second half, said Visit Kunatharakul, president of the Real Estate Sales and Marketing Association (Resam), the Bangkok Post reports.

He said sentiment recovered in July and August, resulting in an expectation of a 15-20% drop by the end of the year. However, political risks that affect business confidence still needed to be watched, he said.

The association plans to deal with financial institutions to develop fast-track mortgage applications for second-hand home buyers in order to improve the attractiveness of …