News Forum - Bangkok land prices rising, but still below pre-pandemic average

[Thaiger]

While Bangkok land prices are hardly on a tear, they continue to rise even amid the economic uncertainty brought about by the Covid-19 pandemic. Figures from the Real Estate Information Centre, known as REIC, show a quarterly rise of 0.5%, and a yearly rise of 7.6%, in the land price index in Greater Bangkok in the third quarter. As reported by the Bangkok Post, acting Director-General Vichai Viratkapan has pointed to landlords opting to hold plots while waiting for an economic recovery as a major factor in the comparatively slow index growth. Viratkapan noted that, while prices continued rising despite the […]

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[Soidog9]

47 minutes ago, Thaiger said:

While Bangkok land prices are hardly on a tear, they continue to rise even amid the economic uncertainty brought about by the Covid-19 pandemic. Figures from the Real Estate Information Centre, known as REIC, show a quarterly rise of 0.5%, and a yearly rise of 7.6%, in the land price index in Greater Bangkok in the third quarter. As reported by the Bangkok Post, acting Director-General Vichai Viratkapan has pointed to landlords opting to hold plots while waiting for an economic recovery as a major factor in the comparatively slow index growth. Viratkapan noted that, while prices continued rising despite the […]

The story Bangkok land prices rising, but still below pre-pandemic average as seen on Thaiger News.

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When you factor in the value of Baht declining 10% this year you will find the price of real estate in Thailand is actually declining for foreign purchasers.

[Dr.Sivada]

The economy in Thailand will likely not return to pre covid level for at least 5-10 years. 

[Freeduhdumb]

Unless you purchase land near a toxic waste dump and you are a citizen, then real estate will always be a good long term investment (applicable in any stable country). Foreigners who hold a non-immigrant status of any type in Thailand must be willing to apply the old adage, don't purchase anything in Thailand you are not willing or able to walk away from. 

[Cathat]

I'm surprised there is actually any land for sale that does not have anything already built on it in bangkok.