5 points for economic development. Will it speed up obtaining a long-term visa?

Apha Atboonwong, the President of the Thai Condominium Association, said that the recovery of the Thai economy went slower than expected because of the difficult-to-control factors: the Covid-19 outbreaks, the Russian-Ukrainian conflict and domestic problems such as increasing household debt.

As the Thai government continues to stimulate the country's economy, the rate of seriously ill Covid-19 patients is much lower than last year at this time.

The Condominium Association offers five points for the country’s economic development:

1. Speed up the issuing of long-term residence visas for foreigners.
2. Purchase the first house with no commissions.
3. Project Baan Dee Mee Down: government housing subsidies.
4. Support for purchasing buy-to-invest apartments as a way to save money.
5. Change in mortgage insurance conditions to make it easier for applicants to take out loans.

Mesak Chunharakchot, the President of the Thai Real Estate Association, also believes that attracting foreigners to the country by facilitating the visa obtaining process can help to support the local economy. “The climate of Thailand attracts foreigners; this is the highlight of our country. We need to use this and raise foreign capital.”