News
-
_480x320.jpg)
In 2022, the Ministry plans to invest in the development of the transport network in all 4 directions to make it complete, increase economic value, reduce logistics costs, and revive the economy after quarantine. The transport network will provide ฿1.4 trillion to the country's budget to accelerate construction to stimulate the economy after the...
Read more -
On January 21, the Economic Situation Management Center met to discuss the law on the property for foreign nationals. The public suggested that foreigners could own more than 49% of total area of the property and extend the lease term from 30 to 50 years. These proposals could stimulate the interest of foreign investors and attract more capital to...
Read more -
The Real Estate Information Agency of Thailand REIC reports that second-hand homes in the third quarter of 2021 showed average monthly sales of ฿862 billion, the highest since the market collapsed due to the toxic economy. Covid-19 slowed down entrepreneurs and buyers in 2021, and the number of homes for sale was also a record low – about 47,000...
Read more -
The Ministry of Finance will not consider reducing the tax on land and buildings in 2022 after two years of tax cuts, as this is a fiscal burden. As a result of a 90% reduction in the land and construction tax in 2020-2021, the government lost ฿30 billion per year, which became a heavy burden. Arkhom Termpittayapaisith, Minister of Finance, said...
Read more -
The Real Estate Information Center (REIC) estimated the real estate market in 2022, according to which the number of ready-made housing in and around Bangkok is approximately 115,081 units. A new launch in Bangkok – the metropolitan area will contain 85,912 new units. Short forecast for 2022 Compared to the last two years, the outbreak of a new...
Read more -
The Real Estate Information Centre (REIC) explained that Mortgage Control Easing (LTV) is a financial measure that stimulates groups of citizens with purchasing power who will pay their mortgages in the future. Thus, the government plans to implement the market supply of more than 283,500 housing units. Housing development in 2022 The condominium...
Read more -
The Real Estate Information Centre (REIC) reported that more housing projects would be launched in 2022 than in 2021 to meet the needs of more buyers. Real estate market trends in 2022 during the pandemic and the new strain "Omicron". How will it work? Vichai Viratkapan, Inspector General of the State Housing Bank and Acting Director of REIC,...
Read more -
Customers who have signed a loan agreement since January 1, 2021, can apply to the bank for the right to reduce income tax on loan interest and allow the bank to provide information to the Revenue Department. Chatchai Sirilai, Managing Director of the State Housing Bank (GHB), said that this innovation would make life easier for customers who want...
Read more -
Hua Hin's condominium market will be stable in 2022, as developers in the area are delaying the launch of new projects. Knight Frank assesses the situation on the condominium market in Cha Am Hua Hin Khao Tao as of the second half of 2021: supply and demand are slowing down. Sales in the second half of 2021 remained stable. There are 7,484...
Read more -
According to the Real Estate Information Agency in Thailand (REIC), Thai real estate will recover in 2022. Five key factors were the reason: Government incentives – such as measures to reduce transfer fees and real estate mortgage fees for ฿3,000,000 or less by the end of 2022; GDP growth by 3-4% - due to increased purchasing power in the...
Read more