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Foreigners can be given the right to own land in Thailand. The proposal is being developed by the Ministry of Internal Affairs of Thailand, which will allow foreigners to own up to 1 paradise of land (about 1,600 square meters). However, in order to obtain such a right, a foreigner will need to invest 40 million baht in Thailand for 3 years. Thai...
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Thai consumers now prefer real estate close to medical facilities and want to avoid the neighborhood with busy and crowded places due to COVID-19 outbreaks. In the first half of 2022, a survey was conducted, during which 1,000 local residents aged 22 to 69 were interviewed about their preferences regarding living and buying real estate. 88% of...
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The period of payment of tax on land and buildings was extended for 3 months, as another measure of support for citizens. The deadline at the end of April was moved to the end of July. The Ministry of Internal Affairs announced that the extra time will allow taxpayers to pay taxes without fines and accumulated pennies. Those who have already been...
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The Ministry of Finance has published a new assessment of the land. The Ministry of Finance will put into effect new land assessments for 2023-2026 from January 1, 2023. In the whole country, the new estimated price increased by an average of 8% compared to the previous three-year period, the highest prices remain in Bangkok. Tananpong Suksomsak,...
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If you are thinking of purchasing property in Thailand or moving to the Kingdom to permanent residence, you will probably face the issue of finding employment in the country. Are there any restrictions on the employment of foreigners? How does one go about finding a job? You can read about these issues in this article. Employment issues in the...
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The construction business in 2023-2024 tends to grow, as investments in this industry are expected to grow by an average of 4.5-5.5% per year. The main driving factor will be investments in large government projects. In particular: Projects related to the Eastern Economic Corridor (EEC, which includes the provinces of Chachengsao, Chonburi,...
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The Information Center has published information about real estate purchased by foreigners in Thailand throughout the country in the first quarter of 2022. In total, foreigners acquired ownership of 2,107 properties, which is 10.3% less than in the same period last year. But this number is higher than the average for 2 years during COVID-19...
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Analysts report that 2022 was the year of the return of the condominium market: a sharp increase in supply in the first quarter of the year. Entrepreneurs are launching more new projects, amid a slowdown last year. In the first quarter of 2022, 16,247 new properties were put up for sale on the condominium market in Bangkok. The number of units...
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Thailand's GDP is expected to grow at 3.2% in 2022 and 4.5% in 2023, which will be facilitated by the sustainable recovery and development of tourism. Despite higher inflation and a slowdown in global economic growth, the forecasts are very optimistic. Thailand's GDP rating reflects the country's stable external financial position and a strong...
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Thai Airlines (Thai Airways International) says that the company may exit the financial «recovery» and resume trading in shares earlier than originally expected. According to the head of the finance and accounting department of THAI Chai Imsiri, the reduction of the airline's expenses and measures to optimize operations and financial indicators...
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