Real estate experts say the Covid-19 pandemic has accelerated a great disruption in Thailand’s property market that was supposed to take place over the next 5 to 10 years. Now, however, experts say it will arrive sooner. According to managing director of Chon Buri-based property developer, Ratanakorn Asset Co., Jugkarut Ruangratanakorn, there are 10 disruptive trends that will challenge the market in next year and beyond.
1.Economic, national, social and population structure
Thailand’s GDP growth has been lower than its potential for the past several years because of its slowing population growth. With no new resources, no foreign direct investments, no 5.0 industry to help boost economic growth and no new economy, the results definitely show.
Thailand’s society is also ageing, with a rising number of senior citizens, and a declining birth rate. As the average family size is…
