Thai central bank eases mortgage rules to support property sector

BANGKOK, Oct 23 (Reuters): Thailand's central bank has further eased rules on mortgages to boost a key property sector struggling from the impacts of the pandemic, officials have announced, sending property shares higher.

The loan-to-value ratio limit has been lifted to 100% from 70-90% until end-2022 to increase activity in the real estate sector, which will take years to recover, officials said. The rules were effective on Wednesday (Oct 20).