News
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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...
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Small private hotels are still in a crisis situation. After the removal of COVID-19 restrictions, the number of tourists in the country has increased, but still has not returned to pre-pandemic levels. The tourism business of Thailand feels the absence of Chinese and Russian tourists. During the pandemic, hotels reduced prices for their services,...
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According to the Real Estate Information Center (REIC), the rise in steel prices continues to influence the growth of the housing construction price index in the second quarter of this year, which increased by 5.6% year-on-year, which is the highest level in 40 quarters. The housing construction price index in the second quarter of this year was...
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A new approach to the development of residential projects that meets the needs of the future. The category of needs of the future primarily includes a charging station for electric vehicles. The consequences of the energy crisis combined with the government's policy, which wants Thailand to become the center of electric vehicle production in...
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We are now seeing signs of recovery in the condominium market, which has continued to expand since the end of 2021. At the end of the first quarter, 16,000 new apartments were opened, sales are clearly better than in the last two years. It reflects the return of real demand and demand from investors in particular and the market of condominiums...
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There is an overabundance of real estate in the real estate market in the special zone of the eastern corridor. There are more than 19,000 apartments left for sale. The Real Estate Information Center conducted a statistical check of projects for sale in 3 provinces in accordance with the Law on Eastern Special Development Zones, namely in...
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Developers should reconsider the size of apartments and adjust some services so that housing prices remain unchanged. Developers will also be more cautious about buying land to avoid higher costs due to the new tax. Issara Bunin, honorary president of the Housing Business Association, said that the cost of building houses will increase by 5-10%...
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Bangkok ranked second in the world after Lisbon (Portugal) in the global ranking of 80 cities for digital nomads. The city has shown good results in key areas: accessibility, weather, landscapes and transport. This award shows that Bangkok is a modern developed city with affordable fast internet and mobile communications. The city has more than...
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Bangkok has fallen by 19 positions in the ranking of the most expensive cities for foreigners to live in and is now in 49th place out of 360. According to a recent study, the drop in prices in Bangkok reflects the serious impact of COVID-19 pandemic on the rental market in Thailand's tourism-dependent economy. In Hanoi, there was a similar drop...
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Foreigners can be given the right to own land in Thailand. The proposal is being developed by the Ministry of Internal Affairs of Thailand, which will allow foreigners to own up to 1 paradise of land (about 1,600 square meters). However, in order to obtain such a right, a foreigner will need to invest 40 million baht in Thailand for 3 years. Thai...
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