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News Forum - Bangkok real estate developer confidence dipped in Q1 due to supply chain woes

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Thailand’s home developer sentiment index was 47 in the first quarter of 2022, compared to 52 in the fourth quarter of 2021. The reason for the dip in confidence? Russia’s war in Ukraine, of course. The ongoing conflict has significantly influenced the cost of petrol and numerous construction supplies, notably steel, which has seen a 35% increase in price since Russia’s invasion on February 24, according to Vichai Viratkapan, acting director-general of the Real Estate Information Center, or REIC. “Their sentiment had just improved in the fourth quarter of 2021 from below the median of 50, which was seen in […]

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