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Bangkok Q3 2022

Bangkok Q3 2022

Real estate market to fire up with the country’s full reopening • According to the National Economic and Social Development Council (NESDC), the Gross Domestic Product increased by 2.5 per cent in Q2 2022 compared to a 2.3 per cent increase in Q1 2022. The expansion was from an acceleration of growth in the services […]

Bangkok Q2 2022

Bangkok Q2 2022

Surging oil price and high inflation continue to challenge Bangkok property market • According to the National Economic and Social Development Council (NESDC), the Gross Domestic Product increased by 2.2 per cent in Q1 2022 compared to a 1.8 per cent increase in Q4 2021. This is due to the government’s economic stimulus measures, the […]

Bangkok Q1 2022

Bangkok Q1 2022

The outbreak crisis and Russia’s war in Ukrainechallenged Bangkok’s property market in Q1 • According to the National Economic and Social Development Council (NESDC), the Thai economy in 2021 grew by 1.6 per cent, recovering from a decline of 6.2 per cent in 2020. The Thai GDP in Q4 increased by 1.9 per cent, accelerated […]

Bangkok Q4 2021

Bangkok Q4 2021

The easing of movement restrictions spurred market optimism and new launches • According to the National Economic and Social Development Council (NESDC), the Thai GDP in Q3 contracted by 0.3 per cent stemming from the adverse impacts of the Covid-19 outbreak on economic activities. • Private final consumption expenditure decreased by 3.2 per cent, in […]

Bangkok Q3 2021

Bangkok Q3 2021

The Thai property market amid the pandemic crisis and sluggish economy • According to the National Economic and Social Development Council (NESDC), the Thai GDP expanded by 7.5 per cent in Q2, rebounding from a decrease of 2.6 per cent in Q1, attributed to the Q2 2020 base effect with a contraction of 12.1 per […]

Bangkok Q2 2021

Bangkok Q2 2021

The challenge of Covid-19 crisis is decelerating the Thai property market • According to the National Economic and Social Development Council (NESDC), the Thai economy had a contraction of 2.6 per cent in Q1, improving from a 4.2 per cent decrease in Q4 2020. Main supporting factors for the improvement in GDP included: 1) the […]

Bangkok Q1 2021

Bangkok Q1 2021

Vaccination and government support position Thailand for economic recovery • The Thai economy decreased by 4.2 per cent, improving from a contraction of 6.4 per cent in Q3. The improvement in Thailand GDP was attributed to expansions in private final consumption expenditure and government final consumption expenditure, following the improvements in the investment and exports […]

BANGKOK Q4 2020

BANGKOK Q4 2020

Property markets muted amid viral outbreak, but government stimulus anticipated tolift sentiments in H2 2021 • The National Economic and Social Development Figure 1: GDP growth Council (NESDC) reported that the Thai economy in Q3 declined by 6.4 per cent, improving from a 12.1 per cent contraction in Q2 (Figure 1). The improvement was due […]

Bangkok Q3 2020

Bangkok Q3 2020

Judicious management of pandemic and domestic politics vital to property recovery The Economy • Based on the data revealed by the National Economic Figure 1: GDP growth and Social Development Council (NESDC), the Thai economy in Q2 declined by 12.2 per cent compared with a 2.0 per cent contraction in the previous quarter (Figure 1). […]

Bangkok Q2 2020

Bangkok Q2 2020

Optimism for Bangkok property market to progressively turn positive • According to the data by the National Economic and Social Development Council (NESDC), Thailand’s GDP contracted by 1.8 per cent in Q1 2020, compared with an expansion of 1.5 per cent in Q4 2019. This was attributed to the decrease in total exports of goods […]