The Real Estate Information Center (REIC) said that the real estate market forecasts were optimistic. In the 4th quarter, 119,483 private houses and 80,466 apartments in multi-story buildings were purchased. One can see that consumer demand for low-rise housing has increased.
Top 5 residential areas with the highest sales in Bangkok:
- Bang Phli, Bang Sao Thong;
- Khlong Luang, Nong Sia;
- Bang Yai;
- Samut Prakan, Phra Pradaeng;
- Lak Si, Don Muang, Sai Mai.
Government measures have contributed to restoring the market: easing mortgage conditions (LTV) and reducing property rights fees.
The real estate market in other provinces has attracted the attention of investors and developers. Many people have opened new projects in major tourist cities, such as Phuket, Chiang Mai, Chonburi, Rayong and Songkhla.
Phuket is one of the most popular places to open new projects due to the constant demand from both Thais and foreigners. Buyers of real estate in Phuket are Thais who work there, Thais who buy a second holiday home and foreign nationals. Thais living in Phuket buy houses for about ฿2.5 million.
Foreign citizens and Thai businessmen or families with high purchasing power are looking for a holiday home or luxury villas from ฿10 million or more.
Phuket has the following popular areas:
- Kamala;
- Thepkasattri;
- Rawai;
- Cherng Thalay.