Home prices set to surge in 2022
Inflation, labour shortage pressure the housing market
Higher inflation, a labour shortage and the rising prices of fuel and construction materials will drive new home prices higher this year after the housing price index kept declining since the first quarter of 2020.
Phanid Maneerattanaporn, director of construction and business development of homebuilder Landy Home (Thailand), said costs of housing construction this year will definitely rise.
“It will be a challenging year for homebuilders as the demand side is strong but the supply side or construction costs…
