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The Ministry of Finance is monitoring the situation of the new COVID strain and believes that, despite Omicron, economic activity can move forward. Currently, there are no reasons to lockdown Thailand. According to preliminary forecasts, the epidemic will last until the second quarter of 2022 and will affect the decline in GDP this year. After...
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The Ministry of Finance monitors the situation with the new strain «Omicron» and concludes that economic activity can move forward, as there is no need for quarantine. K-Research reports that Omicron is rapidly gaining momentum and also quickly ending. The epidemic is expected to last until the second quarter of 2022. Porchai Tiravey, Director of...
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Entrepreneurs operating in Thailand hope that the economy will recover in 2022. However, Omicron will correct this situation. To protect you and your money, analysts urge new entrepreneurs to be careful in choosing a project for investment and focus on launched ones and postpone sponsoring new ones, as there are risk factors. As for the...
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According to the Real Estate Information Center (REIC), demand for housing and real estate sales will normalize by the end of 2023. After a severe epidemiological situation, Thailand’s real estate sector began to show signs of recovery. The reason for this was the relaxation of LTV measures by the Bank of Thailand (BOT) for loan agreements...
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The Real Estate Information Centre (REIC) has made a forecast for 2022 that the amount of property transfer will increase by 3%, according to the GDP forecast for 2022, which will grow to 3-4%. The housing stock of residential complexes and condominiums is increasing by 10-15%. According to Apha Atboonwong, President of the Thai Condominium...
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While restrictions in the world are easing, Thai retailers are rethinking their approach to real estate. They are looking for alternatives to the still existing danger of Covid-19 and are trying to expand their influence. Some are trying to move away from the usual shopping centers and open outlets outside them to attract the attention of a larger...
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Thailand's housing market is still suffering from the coronavirus crisis, which blocks purchasing activity and reduces market supply. According to Vichai Viratkapan, executive director of REIC, the number of new housing in 2021, 47,000 units throughout the country, is the lowest in the last 10 years. New opportunities have emerged in the secondary...
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The Real Estate Information Center presented the results of the secondary housing study in the third quarter of 2021. According to the report, 129,732 housing units were sold for ฿862.455 million ($255.2 million) in the third quarter. The number and prices of housing have increased compared to the second quarter of 2021. Detached houses and villas...
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The Thai government has made it easier for foreign tourists to visit the country through Test&Go programs. The decision was approved on December 16. For tourists under the Sandbox program, the period of residence in the province was reduced from 7 to 5 days. These exemptions will come into force on December 24. Foreigners who have had...
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By the end of 2021, the country’s overall economic situation has improved. Since the COVID-19 outbreak, the number of new infections in Thailand has been declining. In particular, public policies on investment in various projects, the opening of the country to international traffic, and the return of tourists have contributed to better changes...
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