Bangkok, Thailand – February 8, 2025 (Xinhua) – Thailand’s real estate market is feeling the squeeze of escalating land and construction costs, leading to increased prices for new residential properties, according to a recent report.
The Real Estate Information Center (REIC) of Thailand released a report on February 8th, highlighting the growing pressures impacting the housing sector. The report, cited by Xinhua News Agency reporter Li Yingmin, points to a sustained increase in housing prices over the past eight quarters.
Several factors are contributing to this upward trend. The REIC report specifically identifies soaring construction expenses and land values as primary drivers. This combination of increased input costs is particularly pronounced in areas along Bangkok’s expanding metro lines.
The rising prices present a challenge for potential homebuyers and could impact the overall affordability of housing in Thailand. Further analysis is needed to determine the long-term effects of these cost pressures on the market, including potential impacts on demand and the development of new housing projects.
Conclusion
The Thai real estate market is currently navigating a period of rising costs, primarily driven by increases in land values and construction expenses. This trend is pushing up the price of new residential properties, potentially impacting affordability and market dynamics. Monitoring these developments and implementing appropriate policies will be crucial for ensuring a stable and accessible housing market in Thailand.
References
- Li, Y. (2025, February 8). 泰国房地产市场面临价格上涨的压力 [Thailand’s Real Estate Market Faces Rising Price Pressures]. China News Network. Retrieved from [Insert Original URL Here]
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