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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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The Real Estate Information Center (REID) stated that the cabinet is inclined to approve the possibility of allowing foreigners to buy houses with land or buy land for housing construction. This measure to stimulate the economy and investment can attract promising foreigners to Thailand and create a new demand for housing with high purchasing power...
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The Thai Real Estate Association reported that the association agrees with economic incentive measures, according to which wealthy foreigners will be attracted to the country. The measures include granting a long-term resident visa, which will force foreigners to spend more money in Thailand while living in the country. On the other hand, the...
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Currently, an increasing number of Russians wish to sell their properties in Russia and buy residential real estate units in Thailand. In 2022, Thailand became one of the top 10 countries where Russians prefer to purchase real estate. The Kingdom is not one of the most expensive countries to purchase a home to live in, and therefore attracts...
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In the last quarter of 2022, trends and plans for the next year in the real estate market are revealed. Developers plan to constantly launch new projects, stimulating sales that will bring a steady income in 2023-2024. Despite the economic instability caused by inflation, which increased by more than 5%, which led to an increase in prices for...
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The real estate market in Chiang Mai is finally showing signs of recovery, although the demand for residential real estate is still somewhat reduced compared to other places in Thailand. One of the reasons for this is the absence of the main tourists – from Hong Kong and China, which have historically played a key role in the local market. For the...
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SukhothaiResidences was the first wave of hotel-managed projects. The luxury condominium, built in 2010, provided residents with an upscale lifestyle, including access to amenities at the Sukhothai Bangkok Hotel. It was a groundbreaking agreement that helped pave the way for future brand residence agreements in the Thai capital in the 2010s....
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