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Thailand is a country of contrasts, where you can find real estate for any budget. The market offers budget studio apartments, small houses for family holidays, luxury villas and apartments for people who want to get only the best. Where is luxury real estate in Thailand? What is Thai elite housing? How much are the most expensive houses on the...
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The Thai Center for Real Estate Research and Evaluation says that land prices continue to rise amid a shrinking housing market. Land prices in 2021 increased by 4.7% compared to 2020, but still, this is less than the 6.5% figure in 2019-2020. However, experts believe that in 2022 the price of land will rise even more. The actual launch of new...
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On March 11, 2022, Mass Rapid Transit Authority of Thailand signed a contract for the construction of the southern section of the purple tunnel of MRT Tao Poon - Rat Burana. In total, 6 contracts were signed with construction companies, including a Chinese-Thai engineering and construction company and an Italian-Thai development company. The road...
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Real estate experts say that sales of luxury housing in 2021 have not fallen, despite the epidemic situation with COVID-19 due to changing customer needs. Despite the fact that the real estate market has suffered from the ongoing economic downturn and pandemic, mansions and luxury condominiums continue to be popular in the market. Among luxury...
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Real estate experts in Thailand believe that the direct impact of the Russian-Ukrainian conflict on the real estate market in Thailand will be insignificant. But there will be an indirect impact. There will be an increase in oil prices, which will affect the Thai economy as a whole. This will have an impact on purchasing power when buying real...
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It’s expected that the Thai economy will grow by 3.7% when COVID-19 measures end in 2022. The full economic recovery of the kingdom will probably take 2-3 years. Real estate prices continue to rise because of new projects being launched. The lowest cost of housing in Thailand was passed in 2021 and the number of new projects was also the lowest in...
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Ashton Asoke Sukhumvit 21 is a luxury condominium, which was built by Ananda Development together with the Japanese company Mitsui Fudosan. The building has a very favorable location near the underground and surface metro, next to a large shopping mall. The construction began in 2014, the apartments were sold at an initial price of 100,000 baht/ m2...
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Vichai Viratokaphan, Inspector and Acting Director of Real Estate Information Center of State Real Estate Bank (REIC) said that the secondary housing market in the 4th quarter of 2021, expanded compared to the previous quarter. This was influenced by government support measures: a reduction in the commission for the transfer of real estate to...
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The analytical center Krungsri Research says that in February, inflation reached a record 5.28%, which is the highest in 13 years. In January, the indicator was 3.23%. This is mainly due to the increase in energy prices: electricity and oil. The increase in energy prices was the result of the protracted Russian-Ukrainian conflict. The Thai...
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The Real Estate Information Center of Thailand (REIC) reported that the secondary real estate market increased in the fourth quarter of 2021 compared to the previous quarter. The Bank of Thailand announced the temporary easing of LTV measures. The government also provides resuming measures to stimulate the real estate market by reducing property...
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