Thailand real estate market to see post-pandemic boom by 2024

Real estate developers in Thailand should brace themselves for a post-pandemic boom, despite the current inflation and higher development prices, economists say.

After a 2 year slowdown during the pandemic, Thailand will enter a new economic phase from 2022 to 2024, according to Bangkok Bank’s Senior Executive Vice-President Kobsak Pootrakool in the Bangkok Post.

“We are getting close to the end of the tunnel. It is a transitional period with fluctuations. If we can make it through, we should be able to ride Asia’s economic growth wave, which can be prominent in the global economy after 2024.”

Thailand’s rate of inflation is low compared to other countries, and it’s expected to stay that way until the second half of the year.

Oil prices have led the inflation, which will impact the price of real estate development, while the prices of building supplies have increased…