According to experts' forecasts, the coronavirus infection is not a threat to the real estate market in Thailand. The growth of the market
housing in Thailand in 2020, although it will decrease, will still be 3-5 percent.
Acting CEO of the Real Estate Information Center Vikhai Weeratkapan said that the coronavirus outbreak will greatly affect the global and domestic economy. In mid-February, the National Council for Economic and Social Development lowered its 2020 economic growth forecast from 2.7-3.7 percent to 1.5-2.5 percent.
A key factor for the revision was the potential decline in Chinese investment . Experts expect a drop in the number of transactions from < a href="https://www.gjacip.ru/phuket/kvartira/">real estate in Thailand by 4.5 percent, to 356,661 units, compared with an earlier forecast of 0.2 percent. The worst forecast is a decrease of 14 percent, the best one is an increase of 3.9 percent. The total cost of real estate purchased by the Chinese in the base case will decrease by 6.1 percent, in the worst - by 15.5, in the best - will grow by 2.8 percent.
The coronavirus outbreak is expected to negatively affect the tourism sector in Thailand , given that tourists from China make up 20 percent of the country's visitors. This will be especially noticeable in the first quarter of the year. Meanwhile, Thailand is considering introducing a tourist tax.
Last year, the number of residential units sold in Thailand rose by 2.7 percent to 373,365,
