Article search
-
From February 1, 2022, Test&Go program (test and go) began to operate, which allows you to come to any region of Thailand without mandatory quarantine. What are the results of the first days of the program? Is the flow of tourists to Thailand high now? Test&Go program, introduced in February, allows fully vaccinated tourists (including...
Read more -
Bank of Thailand (BOT) introduces regulations and restrictions on large corporations and trading platforms. The Central Bank of Thailand will not only strengthen control over cryptocurrency as a means of payment but also limit the cases in which it can be used. The regulator’s main concern is to ensure that only a few licensed platforms can...
Read more -
In 2022, the real estate sector is predicted to rise, after it reached its lowest point over the past two years. The land along the new skytrain lines in Bangkok, whose opening is scheduled for this year, has become a tasty morsel for developers. In a situation when the country's economy has not yet recovered from the crisis associated with the...
Read more -
The country is "old", but by the beginning of the next decade, the situation will only get worse. By 2031, about 28% of the population will be 60 years or more. Thailand has experienced a significant decline in the birth rate for decades with an aging population. Last year, statistics for the country showed a cross for the first time when the...
Read more -
Materials for the construction sector, including fuel, steel, and cement, are becoming more expensive, and a shortage of foreign labor has led to higher wages. Developers cannot and do not want to keep real estate prices low. Although consumers are not ready for a price increase, it is inevitable. The cost of fuel has increased by 50%, the...
Read more -
The International Consulting Company has noted several key trends in the Kingdom’s real estate market, with buyers becoming more selective than ever and sellers being forced to adapt to rapidly changing conditions. In general, the economy indicates that the Central Bank of Thailand forecasts GDP growth of 3.4%. However, everything depends on the...
Read more -
Several developers commented positively on prices in 2022 due to increased construction costs and market rebalancing. Due to the reduction of foreign buyers, developers had to turn to the local customer base. Having more modest financial capabilities, it required managerial efforts to keep prices at a certain level. Companies can no longer...
Read more -
The Ministry of Transport has published an investment plan for 2022 and a long-term investment plan. One of the key projects is high-speed railways. Currently, it is planned to build roads covering the entire country, with a total length of 1,673 kilometers. The two main projects are a high-speed railway invested by the Thai and Chinese sides and...
Read more -
Foreigners are either unwilling or unable to visit the country due to the COVID-19 pandemic and international restrictions. According to local analysts, in 2019, Phuket had the highest number of visitors — 5.3 million. In 2020, after the pandemic outbreak, the number of visitors decreased to 1.1 million — by 80%. The situation worsened in 2021....
Read more -
The Ministry of Finance announced that 100% property tax will be levied in Bangkok from 2022. In 2020, due to the outbreak of COVID-19 pandemic, the Ministry gave a 90% discount on real estate tax to owners of both residential and commercial premises. The tax reduction was also in effect in 2021. This led to a significant decrease in cash receipts...
Read more