Bangkok, The housing market in Bangkok and surrounding areas in 2023 continues to grow. It is expected that in 2024 there will still be no contraction. Mr. Sophon Phonchokchai, Chairman of the Thai Real Estate Research and Valuation Information Center, Agency for Real Estate Affairs Co., Ltd., revealed at the 2024 housing market direction seminar that from field surveys to At the end of 2023, the Thai housing market continued to grow. In 2023, there were 101,536 new units for sale, which although it was approximately 5.2% less than in 2022 (107,090 units), it was an insignificant decrease. The number has decreased because there are hardly any cheap condominium projects launched with prices not exceeding 1.5 million baht. Considering that the launch value in 2023 is at a record high of 559,743 million baht, less than the highest launch of 565,811 million baht in 2018, it is considered that the Thai real estate market, especially the housing market in Bangkok and surrounding areas, is recovering quickly. Com plete, it is expected that in 2024 the market will grow more than this. It can be seen that the economic and social conditions of Thailand are expected to grow at 3-4%, which although not very high, is considered a reasonably good expansion. As for the average price of newly opened homes in Bangkok and surrounding areas in 2023 for the whole year, it was 5.513 million baht, which is different from 2022, which was launched at an average price of 4.412 million baht, indicating that the average price of sales units that were opened New increased 25% However, in order to increase real estate trading volumes I want the government to encourage financial institutions to reduce interest rates on loans. Because if the loan interest rate can be reduced by just 1%, it will result in a reduction in installment payments of approximately 8%, which is considered another way to stimulate the economy.- Source: Thai News Agency