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Real Estate Information Center has published statistics on the purchase of apartments in condominiums in Thailand by foreigners in the 4th quarter of 2021. A total of 2,073 apartments were sold during this period, which is 20% less than in the same period last year, but this is more than the average value for COVID-19 (2020-2021). The total cost...
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Real Estate Information Center reported that in the second half of 2021, the overall investment situation in housing construction projects in the Northeastern region of Thailand (Nakhon Ratchasima, Khon Kaeng, Udon Thani, Ubon Ratchathani and Maha Sarakham) began to recover. It is expected that the direction of real estate market in 2022 will be a...
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Thailand and Vietnam are 2 of the most popular tourist destinations in the world. The tropical climate attracts Europeans who want to escape their winters and it's an all-year-round beach lover’s paradise. Lovers of the exotic are interested in the cultural heritage of both countries. Many foreigners start to think about buy-to-live, buy-to-relax...
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There was an improvement in the Thai condominium market in 2021, despite the fact that the overall mood remained low due to the lack of foreign buyers. This is stated in the study on the impact of the pandemic on the country's economy, customer trust and purchasing power. The decrease in the number of international investors has slowed down the...
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On March 24, 2022, a seminar on «Digital assets changing the rules of the game» was held during which Setta Tavisin, president and CEO of Sansiri Company, proposed the creation of «Digital Economic Zones» in the country. Seta Tavisin said that attracting new classes of digital assets will have a positive impact on the lives of Thais. Digital...
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The Thai developer Lumpini Wisdom has announced that it plans to use solar panels more in its projects. Solar battery systems are used for both low-rise housing and condominiums, the most common system is solar roofs (Solar Rooftop). On-Grid and Off-Grid systems are used. In the first type, the property is connected to the city's electric networks...
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The Securities and Exchange Commission of Thailand stated that from April 1, 2022, it will be impossible to use cryptocurrency for payments in the country. Including for the purchase of real estate. The Commission stressed that the ban is imposed only on the use of digital currency for payments, but trading in cryptocurrency and digital assets...
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Despite the relaxation of quarantine measures in the fourth quarter of 2021, signs of an economic downturn remain. In addition, weak purchasing power hinders the recovery of the real estate market. Content: The real estate price index The growing supply index Key areas of Bangkok Key business findings for the 4th quarter of...
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In the past, Thai developers have already adjusted their investment strategies to cover all types of projects: condominiums, townhouses, duplexes, hotels and retail spaces. However, during COVID-19, real estate has become not the most reliable business, and developers are now diversifying their investments outside of their business sector again....
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The weakening influence of Covid-19 helped foreign buyers gradually return to international real estate markets. In particular, they did not ignore Thailand but not everything is as clear-cut regarding this. What was the real estate market like in Thailand in 2021? The article will explain how the pandemic affected and what trends have been in the...
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