According to the Global Property Guide, prices for
apartments in Thailand increased by 4.88 percent in 2019.
< br> This is the most noticeable increase in the cost of
housing in Thailand since 2014. Compared to 2018, the indicator increased by 2.76 percent. Only in the last three months of the year
houses and apartments in Thailand have risen in price by 1.17 percent.
Quantity commissioned
apartments in Thailand for the first 11 months of 2019 amounted to 67,274 units. At the same time, the volume
to buy an apartment in Bangkok you can at a price of 3,640 dollars per sq.m. An apartment in the center of the capital of Thailand with an area of 120 sq.m will cost you $436,560. You can rent apartments for $1,840 per month. Thus, the yield will be 8.05 percent per annum.
Taking into account the coronavirus epidemic, the National Bureau of Economic and Social Development predicts the growth of the Thai economy in the range of 1.5-2.5 percent. Whereas earlier it was predicted to grow by 2.7-3.7 percent. In 2019, Thailand's GDP increased by 2.4 percent, a notable decrease from the 4.1 percent recorded in 2018.
