Phuket Property Watch Your Eyes on Real Estate in Thailand
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The Thai property market is experiencing significant shifts with various factors influencing the landscape. Recently, the Eastern Economic Corridor (EEC) witnessed a surge in land prices, with Pattaya topping the list with a growth of 126.5%. This rise comes amidst the real estate challenges that Thailand is currently facing. A potential Golden Visa Program is also being discussed as a potential boost for the Thai economy, which may have implications for the property market. Meanwhile, Thailand’s national carrier, THAI, expects to resume trading in August after delisting, a move that could boost investor confidence. On the tourism front, Pattaya is eagerly awaiting the results of the Tourism Authority of Thailand’s ‘Value over Volume’ strategy, which seeks to strike a balance between mass and peaceful tourism. This strategy, if successful, could influence the tourism property market in the area. In other news, Thailand has launched a 1-billion-baht plan to tackle the longan glut in the north, a move expected to impact agricultural land prices. Finally, the renewable energy sector in Thailand is also undergoing changes with M&A activity heating up, potentially driving up demand for industrial real estate.
