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The Real Estate Information Centre (REIC) has made a forecast for 2022 that the amount of property transfer will increase by 3%, according to the GDP forecast for 2022, which will grow to 3-4%. The housing stock of residential complexes and condominiums is increasing by 10-15%. According to Apha Atboonwong, President of the Thai Condominium...
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Are you planning to stay in Thailand more than one month? During the rest of the year, in order to legally accomodate more than 30 days in Thailand, one must obtain the appropriate visa. There are several types of Thai acceptances, each of which has its own peculiarities and can be issued to certain categories of citizens. If the applicant has...
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While restrictions in the world are easing, Thai retailers are rethinking their approach to real estate. They are looking for alternatives to the still existing danger of Covid-19 and are trying to expand their influence. Some are trying to move away from the usual shopping centers and open outlets outside them to attract the attention of a larger...
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Thailand's housing market is still suffering from the coronavirus crisis, which blocks purchasing activity and reduces market supply. According to Vichai Viratkapan, executive director of REIC, the number of new housing in 2021, 47,000 units throughout the country, is the lowest in the last 10 years. New opportunities have emerged in the secondary...
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The Real Estate Information Center presented the results of the secondary housing study in the third quarter of 2021. According to the report, 129,732 housing units were sold for ฿862.455 million ($255.2 million) in the third quarter. The number and prices of housing have increased compared to the second quarter of 2021. Detached houses and villas...
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The Thai government has made it easier for foreign tourists to visit the country through Test&Go programs. The decision was approved on December 16. For tourists under the Sandbox program, the period of residence in the province was reduced from 7 to 5 days. These exemptions will come into force on December 24. Foreigners who have had...
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By the end of 2021, the country’s overall economic situation has improved. Since the COVID-19 outbreak, the number of new infections in Thailand has been declining. In particular, public policies on investment in various projects, the opening of the country to international traffic, and the return of tourists have contributed to better changes...
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On December 14, 2021, Deputy Governor Sukchai Bunma reported that Bangkok was developing. Launching new projects and five areas will contribute to the integration of Bangkok, the revival of the city, and the connection of districts. For this purpose, the local Government will cooperate with the relevant agencies, consisting of the Public Works...
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Ananda Development Plc will launch five new apartment projects, most of which will be in Bangkok. According to CEO Chanond Ruangkritya, the company invests more than ฿12 billion to implement them. The construction is planned jointly with the Japanese developer Mitsui Fudosan. The company expects to earn up to 20% of investment returns. Chanond...
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Opening borders and relaxing mortgage requirements will have a positive effect. The Real Estate Information Center of Thailand (REIC) provides a forecast for the recovery of the Thai housing market to pre-pandemic levels by the end of 2023. In particular, experts called on the Thai authorities to make housing much more affordable for foreign...
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