Cabinet Approves 0.01% Transfer and Mortgage Fee for Real Estate to Stimulate the Market

Cabinet Gives Green Light!!!🚦
Reduced Transfer and Mortgage Fees for Real Estate
From 2% Down to 0.01%
To Stimulate the Property Market
.

The Cabinet has approved
a measure to reduce the registration fees
for property transfer and mortgage
to only 0.01%
from the previous rates of 2% and 1% respectively
.

This measure will be enforced from May 1, 2025
until June 30, 2026
to stimulate the real estate market
and clear out the remaining housing stock
.

The measure
covers detached houses, semi-detached houses,
condominiums, and land with buildings
with a transaction value
#notexceeding7millionbaht
including mortgage amounts
not exceeding 7 million baht per contract
excluding partial property sales
.

This measure
helps reduce the burden on citizens
and supports real estate developers
in clearing remaining stock
of houses and condominiums
still available in the market
.

This aligns with the relaxation of LTV criteria
by the Bank of Thailand
.

The real estate sector
plays a significant role in the Thai economy
by linking with various businesses
both inside and outside the property sector
This measure is expected
to stimulate expansion
and growth in many related industries
.

Photo credit: Thansettakij

.

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