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The Thai Condominium Association has analyzed data for 2022 and considers it successful for the real estate market in Thailand. In 2023, total real estate turnover is expected to reach ฿450 billion, as before the COVID-19 outbreak. The recovery was due to many positive factors, including the return of foreign tourists. The introduction of a...
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The Thai Real Estate Association calls for measures to support real estate business to stimulate the economy. The main issue was to allow foreigners to own over 49% of the property in the residential complex. The government fears that the repeal of the 49% law will infringe on the rights of Thais. The Real Estate Association proposes to amend the...
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The Land Department considered amendments to the laws on the property rights of foreign citizens and came to the conclusion that it is necessary to preserve the current laws. An exception can be made for holders of a new LTR resident visa. The LTR visa attracts overseas investment through measures to stimulate the economy and investment by...
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The Real Estate Information Center reported that the index of trust in developers increased in the third quarter of 2022 compared to the previous quarter and the same period last year. It is established that in this quarter, the index rose to 51.8 from 49.8 in the previous quarter. Last year, during the same period, the index was 47.1. This...
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After the opening of applications for a long-term resident visa (LTR visa) on September 1, the Office of the Board of Investment reported 1,158 applications for an LTR visa, with the largest number of applications submitted from citizens of the USA — 232, China — 140, Great Britain — 109, Germany — 68 and Australia — 51, and the rest are from other...
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The project of the Pink Monorail Line for electric trains on the Khae Rai-Minburi route, a 2.8 km long, was launched with a budget of ฿4.2 billion. The overall progress of construction is 4.86%, while the progress of general construction works is 5.65% and the progress of the electric train system is 3.27%. According to the plan, the project will...
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The Bank of Thailand has released a quarterly report on the country's financial stability for the third quarter of 2022. Total household debt has declined, but there are reasons for concern. Household debt has decreased or remained stable in almost all loan categories. Except for credit card debt, growth accelerated. In January 2022, the number...
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Property insurance in Thailand is feasible but not obligatory and is your decision to make. In this article, we’ll discuss all the aspects of real estate insurance in the kingdom. Property insurance will help you to not be alone when there is a problem: e.g., if your property is destroyed by a natural disaster or third parties. Natural disasters...
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Department of the Eastern Economic Corridor (Special Economic Zone in the provinces of Chonburi, Rayong, Chachoengsao) said that the average working capital in the housing market in the district was over ฿100 billion per year, and over the past 10 years, more than 50,000 housing projects have been implemented with an accumulated investment value of...
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The Real Estate Information Center of Thailand has published an overview of housing construction prices in 2022, which have been steadily increasing since the first quarter, while the standard housing construction price index in the third quarter of 2022 rose to 132.2 points, which is 6.2% higher than in the same period of the previous year. The...
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