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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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The Electricity Generating Authority of Thailand reported that electricity prices will remain high in 2023. Electricity prices vary depending on oil prices. The current political situation has caused prices to rise. If the conflict drags on, electricity prices will rise by ฿13.30 per unit. The state offers citizens to consume less electricity to...
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A study of the real estate market in Bangkok and its surroundings in January-August 2022 revealed that a total of 67,683 new properties were put into operation, which is 127% more than in the same period of 2021. The total value of the property was ฿258 billion, an increase of 70% compared to the same period last year. The number of low-rise...
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According to the recommendations of the BOI (Board of Investment), the government is determined to attract foreign nationals to buy real estate in Thailand. The country introduces economic and investment incentives by attracting high-potential foreigners to Thailand. This will stimulate the economy by generating income, investment and expanding...
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The Thai Real Estate Association has shown that the situation with rising interest rates and higher costs for the development of real estate projects is a negative factor for entrepreneurs and consumers, namely for the group that pays the mortgage and those who are interested in applying for a mortgage within 1-2 years. The Association suggests...
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