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Developers should reconsider the size of apartments and adjust some services so that housing prices remain unchanged. Developers will also be more cautious about buying land to avoid higher costs due to the new tax. Issara Bunin, honorary president of the Housing Business Association, said that the cost of building houses will increase by 5-10%...
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Bangkok ranked second in the world after Lisbon (Portugal) in the global ranking of 80 cities for digital nomads. The city has shown good results in key areas: accessibility, weather, landscapes and transport. This award shows that Bangkok is a modern developed city with affordable fast internet and mobile communications. The city has more than...
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Bangkok has fallen by 19 positions in the ranking of the most expensive cities for foreigners to live in and is now in 49th place out of 360. According to a recent study, the drop in prices in Bangkok reflects the serious impact of COVID-19 pandemic on the rental market in Thailand's tourism-dependent economy. In Hanoi, there was a similar drop...
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Prices in real estate markets are changing rapidly under the influence of political and economic events in the world. Let us take a closer look at what is on offer in the real estate market in Thailand and the current cost to the buyer (in 2022). The real estate market in Thailand is diverse, you can find both inexpensive small studios and luxury...
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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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