Chonburi real estate shifts strategy: From unsold housing projects to townhouse rentals amid declining sales for 2 consecutive years. The Nation

 Chonburi real estate shifts strategy: From unsold housing projects to townhouse rentals amid declining sales for 2 consecutive years

In recent years, the real estate market in Chonburi has been affected by several negative factors, particularly in the housing estate sector, where new sales have consistently declined since 2023-2024.

According to data from the Real Estate Information Center (REIC), new sales of housing estates in Chonburi in 2024 have decreased dramatically, with sales dropping between 10.3% to 51.7% from Q1 to Q4. This trend is similar to 2023, where sales were negative from 14.8% to 38.5%.

So, why has the real estate market in Chonburi experienced such a significant decline in new sales? The answer lies in the "shrinking purchasing power," which has led to financial institutions reducing the number of loans they approve.

#ThailandNews #TheNation #chonburi #REIC #realestate #rent

Full story link is in the first comment