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The Real Estate Information Centre (REIC) explained that Mortgage Control Easing (LTV) is a financial measure that stimulates groups of citizens with purchasing power who will pay their mortgages in the future. Thus, the government plans to implement the market supply of more than 283,500 housing units. Housing development in 2022 The condominium...
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Real estate in Thailand has specific development characteristics that have arisen from the historical formation of the region. Bangkok and its central districts of Wattana, Khlong Toei, and Huai Khwang illustrate this. Main roads pass through here so the real estate sector was created to offer housing next to transport arteries. We will tell you...
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The Real Estate Information Centre (REIC) reported that more housing projects would be launched in 2022 than in 2021 to meet the needs of more buyers. Real estate market trends in 2022 during the pandemic and the new strain "Omicron". How will it work? Vichai Viratkapan, Inspector General of the State Housing Bank and Acting Director of REIC,...
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Customers who have signed a loan agreement since January 1, 2021, can apply to the bank for the right to reduce income tax on loan interest and allow the bank to provide information to the Revenue Department. Chatchai Sirilai, Managing Director of the State Housing Bank (GHB), said that this innovation would make life easier for customers who want...
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Hua Hin's condominium market will be stable in 2022, as developers in the area are delaying the launch of new projects. Knight Frank assesses the situation on the condominium market in Cha Am Hua Hin Khao Tao as of the second half of 2021: supply and demand are slowing down. Sales in the second half of 2021 remained stable. There are 7,484...
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According to the Real Estate Information Agency in Thailand (REIC), Thai real estate will recover in 2022. Five key factors were the reason: Government incentives – such as measures to reduce transfer fees and real estate mortgage fees for ฿3,000,000 or less by the end of 2022; GDP growth by 3-4% - due to increased purchasing power in the...
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One of the key stages in the immigration process to Thailand is obtaining a permanent residency visa or permanent residency. While the term "Permanent Residency" (PR) is more familiar to Eastern Europeans, Thais often use this term to refer to the same type of authorization. An essential requirement to get a PR is continuous residence in the...
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The Ministry of Finance is monitoring the situation of the new COVID strain and believes that, despite Omicron, economic activity can move forward. Currently, there are no reasons to lockdown Thailand. According to preliminary forecasts, the epidemic will last until the second quarter of 2022 and will affect the decline in GDP this year. After...
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Making money on real estate in Thai is not limited to citizens of the Kingdom; foreigners can also benefit. Compared to other investment methods, buying a Thai apartment or house to resale, or rent it out involves minimal risks. As the region is a popular holiday destination, there is always a high demand in buying and renting real estate...
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The Ministry of Finance monitors the situation with the new strain «Omicron» and concludes that economic activity can move forward, as there is no need for quarantine. K-Research reports that Omicron is rapidly gaining momentum and also quickly ending. The epidemic is expected to last until the second quarter of 2022. Porchai Tiravey, Director of...
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