Article search
-
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 -
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...
Read more -
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...
Read more -
_480x320.jpg)
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...
Read more -
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...
Read more -
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...
Read more -
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...
Read more