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Friday, April 19, 2024

Economists forecast property sales boom

Economists forecast property sales boom

Post-pandemic lift seen on the horizon

From left are Vichai Viratkapan, acting director-general of the Real Estate Information Center, Piti Tantakasem, chief executive of TMBThanachart Bank, Mr Sakkapop and Issara Boonyoung, chairman of the committee on real estate development, at a property seminar at the Thai Chamber of Commerce.

Despite the challenge of soaring inflation rates and development costs, property developers should prepare for a post-pandemic boom, according to economists.

Kobsak Pootrakool, senior executive vice-president at Bangkok Bank, said Thailand is entering a new economic phase in 2022-2024 following a two-year stumble.

“We are getting close to the end of the tunnel,” he said. “It is a…

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