The Deputy Chairman of the Trade Council of Thailand, Atip Bijanonda, asked the Thai government to simplify the payment scheme for sales transactions and develop the medical sector. These measures should increase the inflow of wealthy foreigners, including pensioners, which will contribute to the strengthening of the economy.
The main difficulty lies in complex money transfers. The potential owner must first transfer money to the country in his currency, declare it, exchange it for a local one, and provide documents about it to the Land Department. This measure does not affect the interests of locals, as they and foreign nationals have different tastes and preferences in housing and its location when buying it.
Another problem is the shortage of personnel. This is especially true in the healthcare system. Wealthy investors do not want to risk their health, so they prefer to invest in regions with advanced medicine. According to the Senior Officer of the Thai Development Research Institute, Nonarit Bisonyabut, the Thai economy needs to develop its real estate sector, otherwise, it may negatively affect the economy. He believes that the country is attractive for foreign citizens to move to the country. If the virus is defeated, the influx of foreign investors will only increase.