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It is expected that in 2023, the real estate market will be influenced by many factors, such as an increase in the minimum wage by 5-8%, effective from October 1, an increase in the cost of building materials, which increased by 5-6% and higher, an increase in interest rates, an increase in land prices after the revaluation of land on January 1,...
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The economic recovery caused by the return of tourists in the second half of this year led to the fact that pre-sales in the third quarter and the revenue of large developers reached a record high. Sansiri has exceeded its pre-sale target for 2022 and reached 47 billion baht, the pre-sale target was 35 billion baht, and in the first nine months...
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The developer Raimon Land, listed on the SET list, plans to focus on the construction of elite and super-luxury real estate and the business of the new economy. The company is now focused on opening One City Centre, a new Class A office building in the Plonchit district of Bangkok, in the first half of 2023. The company has shifted the focus in...
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For 5 years, Chinese citizens have become owners of the largest number of real estate units among foreigners in Thailand worth more than one hundred billion baht. There are a large number of real estate units that were bought by Chinese citizens through front persons. Most of these objects cost at least 50 million baht, and are a house with a plot...
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Is it worth moving to Thailand? This question worries those who are choosing a relocation destination. The kingdom is becoming increasingly popular among holidaymakers and foreigners considering property in Thailand as an option for a possible relocation. The country, with a comfortable climate, attracts an increasing number of expats every year....
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Plans to allow foreigners to own land in Thailand were canceled by the government after it received a negative response from many powerful groups. The Cabinet of Ministers recently approved a project allowing foreigners to own up to one paradise of land for personal residence, but the project was canceled. The Thai Real Estate Association together...
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The relationship of the condominium real estate market with foreign consumers is determined by two factors: the arrival of foreign tourists (rental housing) and money from foreign direct investment (FDI) (purchase of housing). TOP-5 countries from where tourists come to Thailand now: Malaysia, India, Laos, Singapore and Vietnam. Which is very...
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The Real Estate Information Center (RAY C) reveals housing market trends in 2023. The market will be affected by the cancellation of preferential DEM measures from January 1, 2023 (when the initial mortgage payment was canceled). The real estate market index (residential category) in 2023 is likely to decrease to 89.5 points, which is 1.1% lower...
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According to the estimates of TTB Center for Economic Analysis, the residential real estate market in Bangkok in 2022 was determined by the low-rise development market. There is a change in the behavior of a group of buyers at an age when people create families and buy separate housing. The number of individual homes purchased this year increased...
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There are several problems in the country's economy that affect the situation in the real estate market, which will continue in 2023. The market is still in a precarious position and has not fully recovered. The resumption of measures to ease the burden of public housing costs for low-income citizens is expected. It has not yet been announced...
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