The real estate bubble in Thailand
There are several important reasons why governments should monitor the level of real estate prices. Their growth periodically results in economic bubbles that constantly appear in real estate markets all over the world. The last well-known bubble developed in the United States in 2008 and became the start of the world economic crises. Therefore, detecting housing bubbles has become one of the main analytics' objectives.
The process of forming bubbles usually goes almost insensibly, but there is often an ever-growing demand for real estate on a certain market. Since it is difficult to define the true value in conditions ...
