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Market experts have singled out the pandemic with new viruses as risks for the market but have also noted several other factors that may affect the Kingdom’s real estate. The outflow of foreigners, especially Chinese citizens, is the blow to residential and commercial real estate. The situation will not change soon, so the country’s market and...
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The Central Real Estate Information Agency REIC shared figures on Chinese buyers and their impact on the Kingdom’s housing market. In the first nine months of 2021, Chinese nationals purchased about 60% of condominium apartments. Moreover, the buyers were nationals of Vanuatu, the USA, the UK, and France. In the first half of 2021, Chinese...
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The Kingdom’s Cabinet has approved a 10-year visa for foreign investors, highly skilled professionals, and wealthy pensioners. Local experts say that the motivation for new long-term visas is to attract new specialists and foreign capital to the IT sector. This will help prevent the projected labor shortage in this industry. The same experts argue...
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Many of those who are thinking about migrating to warmer countries are planning to buy real estate in Thailand. The sun, sea, tropical climate, culture, and affordable housing prices are tempting arguments in favor of moving. However, they are not sufficient to make a decision. We offer you to explore life in Thailand and learn more about the main...
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Thai authorities believe that with low demand, local developers will suffer from the expansion of quotas. The Kingdom's economy and its real estate market have always relied on the tourism sector. Housing, hotels, and commercial properties depended on the influx of foreign visitors and buyers into the country. With the record drop in the number...
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Real estate in Thailand is not something unfamiliar to foreign nationals. On the contrary, it is popular with some categories of buyers. The reasons are different: some want a private holiday home in an exotic location, others are planning to move, some benefit by investing in high-liquidity properties, and some combine one with another and buy...
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Thailand is one of the most affordable and attractive places for a comfortable holiday in 2024. This includes using the programme «Phuket Sandbox» where, after a 7-day stay in Phuket, vaccinated tourists can travel around the Kingdom freely. You no longer need to take PCR tests to enter the country because the No Quarantine policy has been...
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The Thai real estate market has set a course for recovery. The reason for this was the government's measures to stimulate and restore the economy, such as the recent reduction of bank commissions to 0.1% for mortgages until December 31, 2022. Utai Utaysansuk, Chief Executive Officer of the Operations Department of Sansiri Public Company Limited or...
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The Bank of Thailand stands its ground that it will not support cryptocurrency or digital money to pay for goods and services in many areas. The reason for this is high volatility, the risk of cyber theft, and the potential risk of money laundering. Despite this, the real estate market considers blockchain technologies in housing purchase and sale...
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In 2022, PPREB will increase revenue by 20% compared to previous years and launch several new projects that will stimulate the recovery of the Thai housing market. Many contractors in the Thai real estate market revived in late 2021 and early 2022 and began planning new projects, but many of them have not yet recovered from the impact of the...
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