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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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The Real Estate Information Center showed that the secondary housing market across the country in the second quarter of 2022 averaged 162,716 units per month and was estimated at ฿995,488 million, which was the highest number and value of secondary housing put up for sale in the last 6 quarters. There was a 17.9% increase in volume compared to the...
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The real estate sector remains one of the sectors supporting the Thai economy. This sector accounts for about 3% of GDP. And if it includes some related industries, it will account for up to 9% of GDP and 2.8 million jobs. The country is implementing measures to support the real estate sector. In addition to the reduction of property rights fees...
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Content: Can a foreigner own a property in Thailand? What taxes are to be paid when purchasing a property or leasing it out? Can a foreigner lease a property out legally? What are the responsibilities of a property management company? Does a real estate owner receive any visa privileges? Can a foreigner receive a mortgage loan in...
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The Real Estate Information Center (REIC) said that the real estate market forecasts were optimistic. In the 4th quarter, 119,483 private houses and 80,466 apartments in multi-story buildings were purchased. One can see that consumer demand for low-rise housing has increased. Top 5 residential areas with the highest sales in Bangkok: Bang Phli,...
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According to the developer Chatrium Hospitality, luxury hotels have promising prospects in the fourth quarter, and this will continue over the next year. The average occupancy rate of hotels has exceeded 70%. The group is about to open a new Chatrium Grand Bangkok hotel in November to meet the growing demand. The average occupancy rate is expected...
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According to the Real Estate Information Center (REIC), construction of new condominiums has to be suspended despite the improving situation in the Chonburi housing market in the first half-year, as there is still a lot of unsold properties around. A REIC representative said that the amount and value of recently launched housing in Chonburi was...
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