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Thailand is an «aging» nation. Although cities continue to grow, the population increases slightly. Due to this, empty houses appear. To date, there are about 1.3 million empty houses in the country, with a total value of 2.6 trillion baht. The concept of an empty house means a completed, habitable house in which no one lives. The Government...
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On March 11, 2022, 6 major agreements were signed with the main contractors for the construction of Southern Purple Branch of Tao Poon – Ratburana electric trains. The construction is planned to be completed by 2027. The cost of the work will be 82 billion baht. The new segment of the line will include 17 underground and ground stations, with a...
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2020 was a test for the Thai real estate sector. As a result of the pandemic, there was a sharp decline and the market reached a minimum level of sales and reduced the construction of new housing. To understand the situation and find out what trends are popular in Thailand, we invite you to read this article. Content: Comparative analysis of...
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Korakot Attasakulcai, head of the private banking services group at Kasikorn Bank, said that the government's announcement of the abolition of the land tax cut in 2022 after a 90% reduction in the last two years, made landowners worried, especially those who are still waiting for the completion of development. This is due to the fact that...
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This year, the real estate market in the northern region of Thailand has overcome the lowest point and is beginning to revive. The northern region of the country includes such provinces as Chiang Rai, Chiang Mai, Nan, Phayau, Phre, Mehendson, Lampang, Lamphun, Utradit. The construction of 4,792 new projects with a total cost of more than 14,490...
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GH Bank Information Center reported on the results of the real estate market research in the second half of 2021 in the area of the Eastern Economic Corridor, namely in the provinces of Chachengsao, Chonburi and Rayong. It was found that 11,351 new properties were sold in the second half of 2021, an increase of 4% compared to the same period last...
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Analysts at TMBThanachart bank declare a clear course for recovery in the real estate sector in 2022. This is due to government LTV measures and increased demand for real estate purchases in anticipation that new housing prices will rise in line with higher construction costs due to the Russian-Ukrainian crisis. This year, the stock market has...
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Thailand's real estate market has changed rapidly over the past 10 years. This is partly due to the development of its urban environment, which resulted in new projects, a growth in supply, and developers beginning to compete for the attention of potential buyers. What problems did the market face and what happened thereafter? This article...
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COVID-19 has been affecting life in Thailand for 2 years (2020-2021). During this time, individual low-rise buildings have become the best-selling real estate object. Demand for luxury properties has been growing for 3 years in a row. The real estate market focuses on the share of sales of luxury properties – 39% of sales in 2021, which is 69%...
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It is a mistake to think that land prices will decrease during the economic crisis. In the era of COVID-19, the real estate business has to face negative factors from many sides. However, 2022 has already brought a lot of difficulties: 100% property tax was returned, the spread of a new strain of coronavirus. A new complication is the...
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