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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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The Ministry of Finance is preparing a law on taxes on windfall profits, instructing the Office of Fiscal Policy to study and review this issue. In July 2018, the Council of Ministers approved and discussed the possibility of introducing a higher tax rate on profits received as a result of sudden unexpected profits for a particular company or...
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For a comfortable life in Thailand, you’ll need a local bank account. You don't need a Thai bank account to buy real estate in Thailand, but you’ll need it to receive income when renting out real estate. Content: Documents required for opening a bank account Opening an account with a tourist visa Banks in Thailand Account opening...
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The Real Estate Information Center of Thailand reported that sales of super-luxury condominium projects in 2021 accounted for 27% of the total sales of residential projects, while 84% of super-luxury condominium projects were under the Residence brand, which also manages five-star hotel chains. Sales of Branded Residence projects increased by more...
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At the point of entry to Thailand, travelers will only need to present a vaccination certificate, a negative PCR test result or an ATK express test result within 72 hours before the trip. On June 17, 2022, the Thai COVID-19 Situation Management Center (CSA) approved the cancellation of the They Pass registration scheme and the US10,000 health...
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The almost 14% increase in demand for housing in Chonburi in the period from the fourth quarter of 2021 to the first quarter of this year was due almost exclusively to interest in houses worth no more than 3 million baht. Demand here soared by 57.2% compared to the previous quarter. This was the first time since the beginning of COVID-19 when the...
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The Mortgage Association said that after the outbreak of COVID-19, the total amount of property that was foreclosed on (non-performing asset NPA) increased. The latest data for April 30, 2022: an increase of 46% compared to the same period in 2019, which was the period before COVID-19. Confiscated houses are cheaper than a new house by at least...
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