Most of the projects that were launched at the beginning of this quarter are already going at new increased prices, adjusted due to increased construction costs. While purchasing power in the real demand group has declined from the sluggish economy from the Covid-19 epidemic, interest rates and inflation. Besides, the purchasing power has decreased due to a decrease in foreign buyers in the market.
When classifying the housing price index by district, the value of the Bangkok index was 125.5, which is 0.1% less compared to the same period last year and 0.6% compared to the previous quarter.
As for the proposals to attract buyers to new residential complexes, it turned out that 49.1% accounted for discounts for paying the entire amount at once. 29.7% are «gifts» when buying real estate, for example, such as fully furnished apartments, free air conditioning, water meter, light meter or curtains.
Prices for new condominiums in the Bangkok area have an upward trend, as the cost of new construction increases in tandem with rising prices for building materials.