Trends in Thailand's property market in 2018

24.01.2018 01:00
Articles about real estate | Trends property market in Thailand Experts agree that the real estate sector in Thailand will continue to actively develop. In this case, developers will focus in 2018 on projects aimed at older citizens. Portal DDproperty has prepared a forecast for the development of the real estate market in Thailand this year.

According to analysts, in the Kingdom there will be more mixed-use projects (for example, living quarters plus office and retail in one complex). Moreover, Thai and foreign companies will increasingly join forces to implement these projects.

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Especially it concerns the cooperation with Chinese and Japanese firms, as developers in these countries face restrictive measures on the part of governments. In Thailand, there are no such difficulties, and the cost of real estate is lower. Thus, Thailand becomes a portal for foreign companies, through which it is possible to expand business and cut costs.

The main product will remain condominiums, but now they will be built more often on alleys due to lack of land on the main highways.

One of the main features of the sphere in 2018 is the reorientation of developers for the construction of real estate for pensioners. "Studies were conducted of the needs of older citizens to build housing that supports retirees in their way of life," says Kamolpat Swankit, manager of DDproperty.

You can expect an increase in demand for real estate in Thailand from foreigners, which traditionally comes in the wake of increased tourist activity.

Earlier it was reported that housing prices in Italy had stabilized.
Content tags: Overseas property
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