Bangkok land price index drops 2.2% in first quarter
Unprecedented in indicator’s history
The land price index in greater Bangkok recorded a quarterly drop in the first quarter this year for the first time since the index began in 2012 due to the impact of the pandemic, according to the Real Estate Information Center (REIC).
Vichai Viratkapan, REIC’s acting director-general, said the quarterly decrease in the land price index in greater Bangkok in the first quarter of 2021 followed a year-on-year decline of 13.3% in the number of land transfers in the fourth…
