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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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In 2022, the Ministry plans to invest in the development of the transport network in all 4 directions to make it complete, increase economic value, reduce logistics costs, and revive the economy after quarantine. The transport network will provide ฿1.4 trillion to the country's budget to accelerate construction to stimulate the economy after the...
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On January 21, the Economic Situation Management Center met to discuss the law on the property for foreign nationals. The public suggested that foreigners could own more than 49% of total area of the property and extend the lease term from 30 to 50 years. These proposals could stimulate the interest of foreign investors and attract more capital to...
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The Real Estate Information Agency of Thailand REIC reports that second-hand homes in the third quarter of 2021 showed average monthly sales of ฿862 billion, the highest since the market collapsed due to the toxic economy. Covid-19 slowed down entrepreneurs and buyers in 2021, and the number of homes for sale was also a record low – about 47,000...
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Content: About moving abroad? Advantages of Thailand Disadvantages of Thailand Interim result Personal experience: Eugene and Valentina moved to Thailand with three children What caused the welcoming family to relocate from Russia to Thailand? Searching for and purchasing housing Kindergarten and school for children The cost of...
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The Ministry of Finance will not consider reducing the tax on land and buildings in 2022 after two years of tax cuts, as this is a fiscal burden. As a result of a 90% reduction in the land and construction tax in 2020-2021, the government lost ฿30 billion per year, which became a heavy burden. Arkhom Termpittayapaisith, Minister of Finance, said...
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The Real Estate Information Center (REIC) estimated the real estate market in 2022, according to which the number of ready-made housing in and around Bangkok is approximately 115,081 units. A new launch in Bangkok – the metropolitan area will contain 85,912 new units. Short forecast for 2022 Compared to the last two years, the outbreak of a new...
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