Subprime market problems in the U.S. are causing damage to markets around the world. Thailand estimated the problems have cost the county $1 trillion and might cause repercussions in the property business until the middle of next year, according to Thai News Service.

The subprime mortgage problems have caused huge damage to the U.S. property market, but have not reached a crisis yet, said Paritat Leung-uthai, president of SCB Quant Asset Management, at a seminar.

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