Phuket Property Watch Your Eyes on Real Estate in Thailand
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Today’s Thailand property news brings a mix of progress, ambitious plans, and a few cautionary notes. The Thai government has made a significant move to provide homes for refugees displaced by the Thai army. This highlights the government’s active role in addressing housing issues in the country. On a grander scale, the government has also vowed a B250bn 100-day economic plan which may have implications for the property sector. In an exciting development, there is a plan being pushed to establish a ‘Disney EEC’ which could lead to an increase in property demand in the area. In a boost to sustainability in the property market, Eworld has showcased Low-Energy Glass Processing Machinery and Sustainable Solutions at major global expos. For prospective buyers, a word of caution is advised against costly tax traps as they could significantly drain your wallet. Lastly, it’s worth noting that Thailand and France have signed a Five-Year Development Cooperation Work Plan, which could possibly bring fresh international perspectives to the property market.
