The real estate sector remains one of the sectors supporting the Thai economy. This sector accounts for about 3% of GDP. And if it includes some related industries, it will account for up to 9% of GDP and 2.8 million jobs.
The country is implementing measures to support the real estate sector. In addition to the reduction of property rights fees and 0.01% on mortgages for housing worth less than ฿3 million, including the secondary market, the temporary easing of LTV measures will be extended.
The country also introduces visas for temporary residents: the LTR visa is officially issued since September 1, this is the key to attracting foreign investors to ensure the sustainability of the Thai economy.
In the real estate sector, the LTR visa will be an important turning point to support the demand of foreign investors for real estate.