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Home buyers need to have more financial discipline and willingness before buying a home as house prices rise, interest rates are rising, while real estate benefits have not been extended for the new year 2023. House prices are expected to rise 5-10% this year in line with higher interest rates and increased construction costs. Costs are rising due...
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The Bang Phli-Bang Bo-Bang Sao Ton cluster in Samut Prakan was the hottest zone in Greater Bangkok in 2022, with land prices rising the most in the last two quarters of the year. There are also the newest low-rise buildings in the area. According to the Real Estate Information Center (REIC), the number of low-rise buildings commissioned in Bang...
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Housing prices are projected to rise 5-10% this year as the price index for standard housing construction continued to rise, increasing at an annualized rate of 5.6% in the fourth quarter of 2022 amid labor shortages. The price index for the construction of standard houses in the fourth quarter of 2022 was 131.9, which is 5.6% more than in the...
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Developer Noble Development plans to launch 10 new residential projects totaling 23.3 billion baht, with more than a quarter of this amount expected to be received from foreign buyers. The company expects to receive up to 6.5 billion baht, which is 28% of the target for this year, from foreign buyers. The Chinese consumer market is expected to...
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The price index for new detached houses in Samut Prakan, Nonthaburi and Pathumthani rose sharply in the fourth quarter of last year, reaching a record high after land prices in three provinces rose in the previous quarter. According to the Real Estate Information Center (REIC), the price index for new detached mansions for sale in these three...
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In 2022, Russians took 1st place among foreign nationals interested in purchasing real estate in Thailand. With this ranking, they shifted the leading position of Chinese residents. Russians choose the kingdom not only for tourism or permanent residence but also for investing in real estate. If you compare apartments in development projects in...
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A survey conducted by the Real Estate Information Center of Thailand (REAL) showed that in the third quarter of last year, sales of second homes throughout the kingdom declined. Vichai Viratkapan, Acting CEO of REIC, believes that the decline in sales is due to the cancellation of state benefits for fees and mortgage lending. The number of...
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The district of Pravit received the largest number of housing requests in Bangkok between January and October 2022. In many ways, this part of Bangkok has everything that people who want to enjoy a country lifestyle need. From here it is easy to get to Bangkok via two expressways, there are large shopping centers. Most of the residential complexes...
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Last year, several developers joined together to launch housing projects in Bangkok. While agreements on joint projects are not something new for the development of condominiums or multifunctional centers, however, this is an innovation for low-rise buildings. Property Perfect was one of the first firms to use joint ventures for housing projects...
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After a relatively calm first four months of 2022 without new outbreaks of the epidemic, the demand for rental housing in Chiang Mai has increased significantly since May, when both domestic and foreign tourist flows intensified. The demand for apartment rentals has started to grow since the third quarter of this year. There has been a...
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