Property sector hopes for a turnaround in 2023

23 Sept 04:56 Key points summarised by AI

Thailand's property sector anticipates a strong recovery in 2023, driven by a 20-year high Consumer Confidence Index and continued loan relaxation policies, despite a challenging economic climate in 2022.
Homebuyers prioritize location and public transportation access, making Bangkok and its well-connected surrounding provinces (Nonthaburi, Samut Prakan, Pathum Thani) the most sought-after areas.
Suan Luang emerges as Bangkok's leading preferred location due to its extensive and upcoming rail links, signaling a shift in demand towards well-connected areas outside the expensive inner city.
Condominiums remain the most desired property type, with significant demand for units priced between 1-3 million baht, catering to first-time buyers, while single-detached houses attract higher budgets.

European protests could raise costs for Thai exporters

Yesterday 17:46 Key points summarised by AI

The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.