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Recently, a seminar was held on the topic «Opportunities and problems of the housing market: positive and negative factors for the housing market in 2023», organized by the Housing Business Association. The reason why the Bank of Thailand canceled the easing of the LTV measure was discussed. Since the beginning of the pandemic, a mortgage loan...
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A smart security system, after-sales service and a good neighborhood are the three main requirements that consumers consider when buying a residential unit, according to real estate research and consulting. An intelligent security system was the most important factor for consumers belonging to generations X, Y and Z when buying a home, while the...
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The number of Thai elite visa holders has doubled since the beginning of the pandemic. In 2022, 5,582 visas of this type were issued, which exceeded expectations (it was planned to issue about 4,407 visas). The most visas were received by Chinese citizens – 3,131 visas (35% of the total). At the beginning of 2021, an amendment was made to the...
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The Real Estate Information Center (REIC) reported that foreigners purchased apartments in condominiums in the second quarter of 2022 for a total of more than $12 billion — the Chinese took first place in the number of apartments purchased. On November 1, 2022, Vichai Viratkapan, inspector of the State Housing Bank and acting director of the Real...
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Based on the results of the first 9 months of 2022, we can say that the real estate sector can recover from the COVID situation faster than expected. Despite the fact that risk factors are still active, such as rising interest rates, the conflict between Russia and Ukraine, the rise in price of construction materials, the increase in the minimum...
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It is believed that the office rental market in the central business district is likely to expand even more in 2023. This is mainly due to the increase in Class A rental space, as well as the trend of working on a hybrid schedule (people return to offices from remote work). It is expected that the number of Class A offices will increase. As for...
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Thailand entered the TOP-10 most sought-after locations for Russian relocation in 2022. In the same period of the previous year, the kingdom held the 20th spot in the rankings. In this country, people purchase homes for residing and as investment tools. In this article, we’ll review the risks of buying a home in Thailand. Thailand is one of the...
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According to statistics from the Tourism Authority of Thailand, it was found that the number of tourists who arrived during this year increased 3 times compared to the same period last year. In total, 135 million tourists came to the country in 2022, although this is still less than it was before the COVID-19 outbreak. The arrival of tourists has...
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The Bank of Thailand (BOT) has announced that it will not extend the easing of the minimum down payment measure on housing loans or the LTV measure from January 1, 2023. This is another negative factor for the real estate market, along with rising interest rates and rising construction prices. The reason why BOT considers the termination of LTV...
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The main trends in the real estate market in 2023 have been identified. Consumers will focus more on cost and safety, as well as aspects formed after COVID-19: Space. People want a big house. So that each resident has a personal space and a place to work. Health and well-being. As for health and environmental issues, such as clean air without...
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