Thailand's real estate market is experiencing a resurgence in its appeal to foreign buyers. This article explores the factors driving this renewed interest and why Thailand remains an attractive destination for property investment.

The appeal of Thailand's real estate market

As the world continues to recover from the COVID-19 pandemic effects, Thailand's real estate market is regaining its allure for foreign property buyers, particularly those seeking a second home. Despite certain limitations on property ownership, Thailand continues to attract investors from around the globe.

Foreign buyers fueling growth

Sales figures from 2023 indicate a significant uptick in foreign customer activity, even without the prominent presence of Chinese buyers, who played a major role in previous years. As international travel is active again, Chinese nationals once again venture abroad, the outlook for foreign property investment in Thailand appears promising.

Why foreigners choose Thailand

The reasons behind this resurgence are consistent with the motivations for choosing Thailand as a tourist destination. Factors such as an affordable cost of living, delectable cuisine, warm hospitality, convenient travel options, and a rich cultural heritage contribute to Thailand's appeal.

The role of prior tourist experience

Many foreigners who invest in Thai real estate have previously experienced the country as tourists. Thailand's captivating beauty and vibrant culture often leave a lasting impression that inspires future property investment.

Diverse reasons for investment

In recent years, additional factors have emerged to attract foreign buyers, including relocations from their home countries, educational opportunities for their children, and enticing investment prospects.

The Russian influence

A notable shift has been observed in the nationality of foreign visitors to Thailand. According to the Phuket Real Estate Association, Russian nationals have become the largest group of visitors between 2022 and 2023. In a parallel trend, Russian buyers have risen to prominence as the leading market for condo transfers in Phuket, marking a transition from the previous dominance of Chinese buyers. This shift has been attributed to geopolitical events such as the Russian-Ukraine war.

Russian buyers are particularly drawn to pool villas with 2-5 bedrooms, typically priced between 20 and 60 million baht, making them an attractive option for this segment of investors. The appeal of Phuket's natural beauty and the presence of international schools have further solidified its standing as a preferred destination for Russian families.

The magnet of Thailand's culinary scene

Thailand's recognition as the "City of Gastronomy" by UNESCO in 2015 underscores the diversity and richness of its culinary offerings. This culinary appeal, coupled with factors like education and healthcare, is attracting more buyers, particularly in the luxury villa segment.

China: Another dominant market

Over the past five years, Chinese buyers have consistently dominated the condo transfer market in Thailand, accounting for 49% to 63% of the total transactions. Despite challenges related to outbound travel, Chinese buyers maintained their top position in 2023, constituting nearly 50% of both volume and value. Their primary motivation remains investment, and they tend to prefer smaller-sized units, with an average unit price of 5.1 million baht.

Thailand's real estate market is experiencing a renaissance in foreign investment interest. With factors like the Russian influx, culinary appeal, and continued dominance of Chinese buyers, Thailand remains an attractive destination for property investment as the year 2023 unfolds.

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Phuket's real estate sector beats with unwavering vitality. Like a force of nature, Phuket's property market charges ahead, attracting an ever-increasing number of buyers and presenting a cornucopia of opportunities. Known as "The Pearl of the Andaman Sea," Phuket Island has evolved over the past few decades to cater to a diverse range of tourists, offering a culturally rich heritage, pristine beaches, crystal-clear waters, world-class shopping, dining experiences, and vibrant nightlife.

The high season phenomenon

The high season, typically spanning from November to April, is a time when Phuket truly shines. The skies adorn themselves in a breathtaking shade of blue, and the azure seas embrace tranquility akin to a serene lake. It's during this period that the island's allure is most irresistible.

Phuket's real estate performance in 2023

The real estate sector in Phuket has been on an impressive growth trajectory, arguably the most prolific since it took off over two decades ago. Over the past 12 months, anyone paying attention to the market has witnessed dramatic price increases, particularly in high-demand areas.

With the resurgence of tourism, the Phuket property market is poised for further acceleration. A plethora of new projects is being unveiled, largely fueled by the influx of foreigners who have chosen to make Phuket their new tropical haven. The sheer number of ambitious developments on the island is a testament to this thriving growth.

Despite the rise in Phuket's real estate prices, demand remains robust. Barring unforeseen complications, the current upward trajectory is expected to extend into 2024 and beyond.

The symbiotic relationship between tourism and real estate

Historically, Phuket's real estate market has danced to the tune of tourism. This symbiotic relationship makes perfect sense – the more visitors explore the island, the more they appreciate its natural beauty and investment potential.

The devastating tsunami of 2004, while tragic, put Phuket on the global map as a holiday destination. Before the tragedy, the island was relatively unknown to most of the world. Since then, and aside from occasional setbacks, the number of tourists choosing Phuket as their holiday destination has steadily climbed, reaching over 14 million in 2019.

The island's tourism has been on a remarkable rebound. With the surge in tourist numbers, the real estate sector has also experienced an upswing. As long as the tourist influx continues to grow, the demand from new buyers will continue to buoy the real estate market.

A property for every dream

The enduring demand for Phuket property has given rise to an array of development options, catering to investors and residents alike. Whether you seek luxury condos, hotel-licensed investment condos, affordable villas, or high-end sea-view luxury villas, there is a diverse selection of properties to suit all budgets and preferences.

Moreover, previously overlooked areas are now undergoing development. Whether you prefer the vibrant atmosphere of a west coast tourist resort, the solitude of the mountains, serene rubber plantations, tranquil buffalo pastures, or a blend of these experiences, Phuket offers something to cater to all tastes and desires.

Competitive prices on the global stage

While Phuket's property prices have indeed risen in recent years, they remain competitive when compared to similar holiday destinations worldwide. Coupled with the wide range of properties available across various price points, buyers find it relatively easy to discover a property that aligns with their criteria.

Buyers often perceive significant value in Phuket real estate when comparing prices and offerings to properties in their home countries. Additionally, due to the thriving tourist industry, the Return on Investment (ROI) for property investors in Phuket remains highly attractive, especially in comparison to other similar destinations. Long-term rentals also provide substantial yields for property owners.

A positive outlook for 2024

As we prepare for the impending high season, optimism prevails in Phuket's real estate sector. Throughout the years, this market has weathered numerous challenges, from regional crises to global events. Each time, it has proven its resilience by bouncing back stronger, consistently exhibiting significant growth.

For retirees, young families, and investors, the range of property choices in Phuket is more extensive than ever before. As long as tourism remains robust, demand remains high, the Thai Baht remains competitive, and the island's infrastructure continues to improve, there is every reason to believe that the number of individuals and families seeking Phuket property will continue to rise.

Unless unforeseen circumstances alter the dynamics mentioned above, these trends are likely to extend well into 2024. The demand for Phuket property remains unwavering and robust, reinforcing the island's status as a real estate hotspot in the heart of the Andaman Sea.

Looking to buy, sell or rent a property in Thailand? Get in touch with PropertyScout today!

The allure of Thailand's real estate market has been a magnet for foreign investors, and a compelling trend is emerging. Affluent citizens of Myanmar are increasingly turning to Thailand for second-home investments, influenced by factors such as wealth preservation, access to healthcare services, and educational opportunities for their children. This article delves into the motivations behind this trend and its impact on Thailand's property market.

The growing trend: Myanmar citizens' interest in Thai real estate

The trend of affluent citizens from Myanmar seeking second homes in Thailand is gaining momentum. These individuals are drawn to the prospect of owning property in Thailand for a multitude of reasons, including the desire to preserve their wealth, access high-quality healthcare services, and provide their children with top-notch educational opportunities.

In a noteworthy development, Myanmar catapulted to the position of the sixth-largest market for condo transfers in Thailand in 2023, entering the top 10 rankings. During this period, a high number of units were transferred, with a combined transaction value of 2.55 billion baht. Myanmar buyers not only outpaced American, British, and French buyers both in terms of the number of units transferred and the total transaction value, marking a significant milestone.

Why Myanmar nationals flock to Thailand's condominium market

Myanmar nationals are drawn to Thailand's condo market for several compelling reasons. One key factor is the relative affordability of condominium units in Thailand compared to the local options available in Myanmar. The average price per unit for condos purchased by Myanmar buyers in Thailand stands at 7.3 million baht. This figure reflects their preference for two-bedroom units, which provide ample space for their often-larger families.

Why Myanmar buyers choose Bangkok for second homes

When it comes to choosing a second home, Myanmar buyers favor Bangkok as their top destination. In particular, they show a strong preference for condominium units located in areas like Sukhumvit. The appeal of these locations lies in their proximity to mass transit lines, access to top-tier healthcare services, and a diverse range of educational institutions.

In 2023, the demand for condos and villas in Chon Buri remains robust, driven by Chinese and Russian buyers. Property agents are actively targeting these markets, with three-bedroom pool villas priced above 10 million baht emerging as the most sought-after units.

Myanmar buyers' active role in Thailand's condo market

Myanmar citizens are not only contributing to the vibrant condo market but also actively engaging in new condo purchases. In 2023, property developer Noble Development Plc reported that buyers from Myanmar were the second-largest group, accounting for tens of millions of baht in condo presales. This substantial figure represented 26% of the total presales of 1.4 billion baht recorded from overall overseas markets, highlighting the significant role Myanmar buyers play in Thailand's property market.

As Myanmar citizens continue to recognize Thailand as a secure and promising destination for property investment, the impact on the market is poised to grow even further. This trend is indicative of the enduring appeal of Thailand's real estate sector and the trust Myanmar buyers place in its potential for growth and stability.

Looking to buy, sell or rent a property in Thailand? Get in touch with PropertyScout today!

As we step into the future, the spotlight turns towards Bangkok's housing market in 2024. What lies ahead for this vibrant metropolis and its real estate landscape? After a challenging period marked by high household debt, rising interest rates, and declining purchasing power, it's essential to explore the potential shifts and opportunities that await. In this comprehensive article, we will provide valuable insights and forecasts for Bangkok's housing market, offering guidance to both residents and investors.

Reflecting on 2023

In 2023, Bangkok's housing market faced a myriad of challenges. High levels of household debt, coupled with rising interest rates, sent ripples through the real estate sector. A report by the Kasikornbank Research Centre painted a sobering picture, predicting limited demand for housing throughout the year. It estimated a 7.8% contraction in housing sales in Bangkok and its suburbs compared to the previous year. Despite efforts to stimulate the market, such as incentives for homes priced below 3 million baht and the return of foreign nationals to buy condominium units, the market experienced a persistent downward trend.

Outlook for 2024

Stabilization on the Horizon: The good news is that 2024 is expected to bring much-needed stability to Bangkok's housing market. The Kasikornbank Research Centre suggests that property transfers may expand by a modest 1.2% to a more optimistic 4.6% compared to 2023 in Bangkok and its surrounding areas. This projection is contingent on the successful implementation of government economic stimulus measures aimed at supporting lower to middle-income groups. These measures are expected to have a tangible and positive impact on the real estate sector.

Supply-Demand Dynamics: The persistent challenge of a supply and demand imbalance continues to be a focal point in the market. As of the first half of 2023, more than 200,000 unsold housing units remained on the market for over six years. Without the introduction of new housing developments, it may take several years to clear this backlog. Developers, on the other hand, must grapple with the relentless rise in costs, including land prices, construction materials, labor, marketing expenses, property taxes, and financial costs. The evolution of these factors will be closely monitored throughout 2024.

Demographic Insights: Understanding Bangkok's shifting demographics is paramount for those navigating the real estate market. The city's population (excluding migrant workers) has been on a gradual decline for three years, shrinking by an average of 0.2% annually. In contrast, the suburbs have witnessed an average population increase of about 0.6% per year during the same period. These demographic shifts influence housing preferences and demand in different areas, and investors should take heed of these trends.

Charting your course in 2024

As we gaze into the crystal ball of 2024, it becomes evident that Bangkok's housing market will remain a dynamic and ever-evolving landscape. The lessons of 2023 have underscored the importance of adaptability and staying well-informed. Government stimulus measures hold the potential to inject fresh life into the market, but their success will hinge on efficient implementation.

Whether you're a prospective buyer, seller, or investor, the key to success in Bangkok's housing market lies in being prepared and informed. As the city continues to grow and change, those who keep a vigilant eye on market trends and government policies will be best positioned to thrive in the ever-evolving world of real estate in Bangkok.

Bangkok's housing market, while presenting its fair share of challenges, holds promise for 2024. Stabilization appears to be on the horizon, and with it, opportunities for those who are well-prepared and proactive in their approach. The resilience and adaptability of the market, coupled with government initiatives, offer a ray of hope in what promises to be an exciting year for real estate in the heart of Thailand. As we move forward, let's keep our eyes on the horizon and navigate the future of Bangkok's housing market with knowledge and confidence.

Looking to buy, sell or rent a property in Thailand? Get in touch with PropertyScout today!

Embark on a journey into the heart of Thailand's property market. Whether you're a seasoned homeowner, a savvy investor, or simply fueled by curiosity, this article is your key to understanding the dynamic Thai real estate landscape. Explore the opportunities and trends that define this vibrant sector, gaining valuable insights for navigating the real estate scene in Thailand

Main trends that shaped Thailand's property landscape in 2023

Thailand's real estate sector stands as a cornerstone of the nation's economy, and projections indicate a robust growth trajectory over the next five years.The ever-evolving residential real estate market

The demand for residential real estate in the country is steadily increasing, with a notable emphasis on urban areas. Lower interest rates, economic growth, and heightened urbanization collectively foster the expansion of the residential property market.

Market opportunities

Prices and inventory levels exhibit fluctuations, often contingent upon factors such as location and property type. While Bangkok and other major cities may witness a surge in demand for condos, there has also been a notable uptick in demand for single-family homes in rural areas.

The COVID-19 pandemic has significantly shaped consumer preferences, leading to a notable shift towards an inclination for larger homes equipped with outdoor spaces.

Key factors

Various factors influence Thailand's residential property market in 2023, encompassing demographics, urbanization, and government policies.

Notably, the aging population has spurred a rising interest in retirement homes, while shifts in government plans, particularly those advocating for more affordable housing, significantly impact market dynamics by attracting a greater number of buyers.

In the initial quarter of 2023, the demand for condominiums in Bangkok surged to over 3,000 units, coinciding with a notable concentration of new condo supply emerging predominantly in the suburbs of the city during that timeframe.

Exciting developments to watch for in 2024

In the coming year, Thailand's property development landscape is poised for a transformative shift, with a growing focus on sustainability taking center stage.

Leading property developers are actively pursuing the construction of Zero Energy homes, aligning with Thailand's eco-conscious trajectory.These cutting-edge residences will leverage solar cells to generate clean and renewable energy, thereby contributing substantially to the reduction of greenhouse gas emissions.

In light of the burgeoning popularity of electric vehicles (EVs), developers are making significant advancements by incorporating additional EV chargers into their property developments. This innovative approach not only caters to the increasing demands of the expanding EV user community but also plays a pivotal role in the joint endeavor to substantially diminish greenhouse gas emissions.

Bottom line

The Thai real estate sector is undergoing a dynamic transformation, with an exciting future ahead. As we approach 2024, it becomes evident that sustainability is poised to assume a central role.

The integration of solar cells and EV chargers not only symbolizes a dedication to a greener, more sustainable future but also represents a growing trend. Whether you're contemplating the purchase of your dream home or exploring property investment opportunities, it's crucial to stay attuned to these developments. They hold the promise of shaping a more environmentally conscious and vibrant Thai real estate market.

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Embarking on the exciting adventure of acquiring property in Thailand can turn a dream into reality, showcasing the captivating charm of tropical landscapes and vibrant cultures. However, like any real estate undertaking, this journey comes with its distinct challenges and possible pitfalls.

We will guide you through buying property in the Land of Smiles, highlighting common mistakes to avoid. Let's explore essential insights to help you make informed decisions and turn your Thai property dreams into reality.

Timing matters: Avoid the blunder of depositing too soon

One critical mistake to sidestep when buying property in Thailand is placing the deposit too soon. While the excitement of finding the perfect property is palpable, rushing to commit financially without conducting due diligence can be a costly mistake.

It's imperative to thoroughly investigate the legal aspects of the property, ensuring clear ownership and adherence to regulations.

Examine the developer's track record, review contractual terms, and understand the refund policy before parting with any funds. Taking the time to validate all aspects of the transaction can save you from potential complications and safeguard your investment in the Thai real estate market.

What you need to know before Investing in a mismanaged project

Avoiding the purchase of property from a mismanaged project is paramount when going through the real estate landscape in Thailand.

Investing in a development plagued by mismanagement can lead to a cascade of issues, ranging from construction delays to compromised quality.

Thoroughly research the track record and reputation of the developer, ensuring they have a history of delivering projects successfully.

Verify the financial stability of the project and scrutinize any signs of inadequate planning or execution.

By steering clear of mismanaged ventures, you not only mitigate the risk of unforeseen challenges but also safeguard your investment, ensuring that your Thai property acquisition is a wise and secure venture.

Balancing quality and affordability in your choices

Opting for a property based solely on its price is a common pitfall to be cautious of when looking for a property. While affordability is a crucial factor, it's essential not to compromise on other vital aspects of the investment.

Focusing solely on a lower price tag might lead to overlooking critical considerations such as location, developer reputation, and the overall quality of construction.

Thoroughly assess the long-term value and potential return on investment, taking into account factors beyond immediate cost.

Striking the right balance between price and intrinsic property value ensures a well-informed decision, preventing the potential regret that might arise from a hasty, price-centric choice in the diverse and dynamic property market of Thailand.

The power of forward-thinking

Overlooking future considerations, such as resale value and inheritance planning, is a critical error to avoid when purchasing property in Thailand.

Focused solely on immediate needs, buyers might neglect the potential changes in their own circumstances or market dynamics.

It's crucial to understand the property's resale potential and its attractiveness to future buyers. Additionally, understanding the legalities and implications for heirs is essential to ensure a smooth transition of ownership.

By proactively thinking about the long-term aspects, buyers can make strategic decisions that not only fulfill their current requirements but also safeguard their investment and provide a seamless legacy for their heirs in the dynamic property market in Thailand.

Bottom line

Avoiding common pitfalls is the key to transforming your property dreams into a secure and rewarding reality. From dealing with legal intricacies to considering future implications, our journey through potential mistakes has armed you with the knowledge to make informed decisions.

Remember, the allure of Thai real estate lies not just in the lush landscapes but in the careful steps taken to secure your investment. By steering clear of missteps like premature deposits, mismanaged projects, price-centric choices, and neglecting the future, you pave the way for a seamless and prosperous property ownership experience.

As you embark on this exciting venture, let prudence be your guide, turning the vibrant panorama of Thai real estate into a canvas of enduring success.

Looking to buy, sell or rent a property in Thailand? Get in touch with PropertyScout today!

Embarking on a journey to a new place is like opening a door to a world of possibilities. However, just like any adventure, sometimes the road ahead throws unexpected twists and turns.

Imagine planning a move, excitedly packing boxes and dreaming of your new home, only to find out that hitting the brakes might be the wisest choice. In this blog post, we'll explore signs that suggest it's time to put a pause on your moving plans.

Whether it's financial hurdles, unexpected life events, or changes in the job landscape, recognizing these signals can save you from a rocky journey and ensure your leap into a new chapter happens at the perfect moment. Let's navigate the signs that may whisper, "Hold on, there's more to consider."

Financial Difficulties

Sudden expenses, like unexpected medical bills or unforeseen home repairs, can cast a shadow over your budget.

Moving is a major financial venture, and if you find yourself navigating stormy seas of uncertainty—perhaps due to a job loss or an unforeseen economic downturn—postponing the move could be the strategic decision that keeps your financial ship afloat.

Remember, a smooth sail into your new life requires a steady financial breeze.

Personal or Family Issues

Life's twists and turns can signal a detour on your moving path, especially when personal or family issues come into play.

Health concerns, unexpected family responsibilities, or significant life events like a divorce can turn your moving dream into a puzzle with missing pieces.

If the emotional or practical aspects of your personal life need attention, hitting the brakes on your moving plans might be the compassionate and sensible choice.

After all, a solid foundation at home ensures a smoother transition to a new chapter.

Housing Market Fluctuations

Planning a move? Keep an eye on the real estate horizon. Housing market fluctuations can be a red flag waving caution.

If the market takes an unexpected dip, it might not be the ideal time to sell your current abode or make a significant property investment in your new destination.

Waiting for a more favorable market can ensure you get the best value for your property and set the stage for a smoother transition. Like a skilled navigator, timing is everything when it comes to sailing the seas of real estate.

Logistical Challenges

Before you load up the moving truck, pause to consider potential logistical hurdles that could throw a wrench in your plans.

Unforeseen legal or regulatory roadblocks can quickly turn your moving adventure into a maze of challenges.

Whether it's navigating complex paperwork, dealing with unexpected permits, or facing regulatory hoops, these hurdles demand attention.

Putting the brakes on your moving plans momentarily may provide the opportunity to untangle these logistical knots and ensure a smoother journey to your new destination. Remember, a well-prepared voyage is more likely to weather any storm.

Personal Readiness

Embarking on a move involves more than packing boxes; it's a journey that requires emotional preparedness.

If you or your loved ones aren't quite ready for the emotional shift, hitting the brakes might be the thoughtful choice.

Moving entails leaving behind the familiar for the unknown, and if feelings of reluctance or anxiety persist, taking a moment to ensure everyone is emotionally aligned with the move can make all the difference.

After all, a successful move isn't just about changing locations—it's about embracing a new chapter with open hearts.

Educational and work considerations

When contemplating a move, the impact on education should be a key factor in your decision-making. If you have school-aged children, evaluating the quality of education in your prospective new location is crucial. Research schools, assess their reputation, and consider the available extracurricular activities.

Disrupting a child's academic routine can have lasting effects, so ensuring a smooth transition educationally is paramount. If the move threatens to compromise your child's educational experience, it might be prudent to hit pause until you find a destination that aligns with your family's educational values and goals.

Career considerations also play a pivotal role in any relocation decision. If your current job is a solid anchor, but the prospects in the new location seem uncertain, it's a signal to hit the brakes. Evaluate job opportunities, market demand for your skills, and the overall employment landscape. A well-thought-out career strategy ensures that your move doesn't inadvertently disrupt your professional trajectory.

If you're banking on a job offer in the new location, ensure it's secure and aligns with your long-term career goals before packing up your professional life. Remember, a successful move encompasses not just changing your address but also ensuring that your career sails smoothly into the future.

Bottom Line

In the exhilarating journey toward a new chapter, recognizing the signs to hit the brakes can be the difference between a turbulent ride and a smooth transition.

Whether it's the financial tide getting choppy, unexpected detours in your career path, or personal and family compasses pointing in a different direction—these signs demand attention. Remember, each twist and turn in life is a valuable lesson, guiding you toward a more informed decision.

So, before you rev up the moving engines, take a moment to reflect on these cautionary signs.

Hitting the brakes isn't a setback; it's a strategic pause that ensures your journey toward a brighter tomorrow is not just exciting but also brilliantly orchestrated. Happy moving, but even happier pausing when needed!

Looking to start fresh? Make your next move with us! Our property consultant team will be absolutely happy to help you find your next abode.

Conserving water is a vital practice that should be approached consciously, as it serves not only to combat drought issues but also to cut down on expenses. Numerous households find themselves having to pay for water usage exceeding a set limit annually, constituting an avoidable financial burden. Cultivating the habit of water conservation is beneficial. At present, there exist diverse methods to save water, and PropertyScout has compiled 10 effective strategies to share.

Why saving water matters

Water is recognized as a plentiful and essential resource crucial for the survival of all living beings, encompassing humans, animals, and plants. In the contemporary world, human water consumption is on a consistent upward trajectory, driven by diverse activities like daily living, agriculture, and industry. This escalating trend presents environmental challenges that require urgent attention and resolution.

For instance, the drought crisis experienced by Thailand in 2020 and the widespread flooding issues in 2011 and 2021 were primarily consequences of insufficient management of available water resources. Moreover, these incidents were influenced by various other factors, such as:

• Prolonged dry periods result from insufficient rainfall.
• The situation is aggravated by unsuitable terrain characteristics.
• The problem is compounded by inadequate water management and excessive water wastage.
• Improper water usage practices give rise to water pollution.
• Deforestation, essential for water absorption, is undergoing destruction.

As a result of these errors, the present amount of clean water consistently diminishes. This decline can have extensive impacts on the livelihoods of various life forms in numerous aspects, including:

• Water shortage in the way of consumption, agriculture, industry, and electrical generation for humans.
• Water shortage in the way of consumption and survival for animals.
• Water transportation difficulties.
• Intensified water pollution.

Despite the various causes of drought-related problems, a key factor directly linked to humans is the wasteful use of water. Consequently, initiating water conservation in daily life is crucial to alleviate environmental issues and maintain sustainable water resources. This endeavor not only promotes environmental well-being but also aids in reducing daily expenses.

Water-saving tips

Apart from water wastage, the rising water costs may stem from the degradation of the plumbing system, leading to potential leaks. This could result in an additional loss of up to 30% more water than usual. Furthermore, adopting these water-saving methods may contribute to a corresponding decrease in water expenses.

Check for leakage

Numerous leaks contribute significantly to water wastage. Attempt to address this by shutting off water valves and inspecting each section of the house separately. In the case of two-story houses, initiate the process by closing water valves on the upper floor before progressing downward to the lower floor. Plumbing is a common source of leaks, and if the pipes are not buried underground, visual inspection is possible. However, if they are buried, monitor the water meter. If the meter continues to run despite all valves being closed, it signals a leak.

Plan your laundry

You heard correctly! During each laundry or dishwashing session, many people have developed a habit of using large amounts of water without considering wastage. Therefore, consider changing this behavior by doing laundry twice a week or washing dishes twice a day to promote water conservation.

Washing a minimal amount of laundry at a time leads to more water wastage compared to washing a larger quantity. Opting for a laundry schedule of once every 1-2 weeks is appropriate, given that a washing machine consumes an average of up to 100 liters per cycle. Therefore, handwashing is also an effective method for water conservation. If using a washing machine, consider using the ECO mode or selecting the appropriate clothing quantity to align with reality, further enhancing water savings.

Do the laundry by hand instead of using a washing machine

In today's times, handwashing clothes is nearly obsolete due to the convenience brought by electrical appliances like washing machines. Nevertheless, handwashing persists as an excellent water-saving method. If handwashing proves inconvenient, I recommend opting for a front-loading washing machine. This type is more water-efficient than top-loading machines, and its automatic system alleviates the need to worry about changing water, contributing to saving approximately one unit of water.

Don't leave the water turned on while dish-washing

Many individuals believe that washing dishes under running water ensures better cleanliness. However, ponder on the significant water wastage if you adopt this approach for each dish. Consider a slight modification in your method by using a paper towel to wipe off leftover debris before immersing the dish in a basin or sink filled with water. This approach not only conserves water but also results in dishes being cleaner compared to washing them under running water.

Use a glass to help with gargling when brushing your teeth

People have a habit of leaving the faucet running unnecessarily during their morning and bedtime routines. This practice contributes to water wastage. Consider switching to using a glass while brushing your teeth, as will significantly help conserve water.

Use liquid soap and don't shower for too long

A prolonged shower doesn't ensure thorough cleanliness. Achieving the same level of cleanliness can be done with a quick shower, reducing water consumption. Consider shortening your shower duration to conserve water. Moreover, choosing liquid soap over bar soap facilitates easier rinsing from the body, minimizing residues. This not only allows for a faster rinse but also contributes to water conservation.

Refrain from disposing of trash in the toilet

Usually, you would dispose of trash in in any of the designated bins. Avoid disposing of items such as tissue paper, sanitary napkins, and cigarettes in the toilet bowl. This practice is not a good idea and would result in an increased water usage for flushing.

Drink water moderately

When filling a glass with water, many people tend to fill wastefully it to the brim, only to leave some undrunk and disposing of it in the end. Going forward, try pouring only the amount you intend to drink or find alternative uses for the remaining water, such as watering plants.

Wash the fruits in a bowl

Leaving the water running while washing vegetables or fruits results in more wasted water. Instead, consider filling a bowl or a large container with water and placing the vegetables or fruits in it for cleaning. This method keeps the ingredients clean without wasting excess water.

Change your car wash methods

Are you aware that washing your car each time consumes as much as 150-200 liters of water in one go? Consider transitioning from traditional car washing to a top-down approach using a bucket of water instead of a hose. This can result in saving approximately 20-50% of water. Another water-saving technique involves washing your car on grass if you have a lawn or front yard. Give it a try by parking your car on the grass and washing it. Not only will your car be clean, but you'll also be watering the grass in the process.

Read More:

Bottom Line

The recommendations presented offer straightforward and easily adoptable behavioral changes that might not be immediately apparent. Initiating these adjustments can notably contribute to both water and cost savings within the household. Additionally, these water-saving methods play a crucial role in promoting sustainable water resource conservation.

Looking for property rentals or sales? Get in touch with us at PropertyScout today!

https://www.bangkokpost.com/property/2705073/dusit-has-high-hopes-for-residences

C.P. Land to invest 30 billion baht in hotel acquisition

The Chearavanont Family-owned property firm C.P. Land plans to invest 30 billion baht in hotel acquisitions and the development of residential projects in 2024-2025. The goal is to generate 15.5 billion baht in revenue during this period.

Mr. Keerati Satasook, chief executive of C.P. Land, stated that 5 billion of the 30 billion baht will be allocated to buying existing hotels. On the other hand, the remaining 25 billion baht will be used for residential development, including condos and low-rise housing projects.

Source

https://www.bangkokpost.com/property/2704988/c-p-land-allocates-b30bn-in-investment

One Origin and TLTH Co.,Ltd building mixed-use project in Bangna

One Origin Corporation Limited (ONEO) CEO, Mr. Piti Jarukamjorn, disclosed a joint venture agreement with TLTH Company Limited, a subsidiary of Tokyu Corporation, to develop the "One Origin Sukhumvit 68" mixed-use project.

This mixed-use endeavor integrates a hotel, retail space, and office buildings. Construction is set to commence in Q3 2024, with the official opening scheduled for Q4 2026.

Source

https://www.thansettakij.com/real-estate/582999

In the dynamic world of real estate, the role of a good agent is akin to that of a trusted navigator, guiding clients through the intricate landscape of property transactions. Beyond just being sales professionals, exceptional real estate agents embody a unique blend of qualities that set them apart in this competitive field.

In this article, we will explore the indispensable qualities that distinguish a standout real estate agent, delving into the traits that not only facilitate successful transactions but also cultivate enduring relationships with clients.

Whether you're a prospective homebuyer, seller, or someone considering a career in real estate, understanding these traits will empower you to navigate the real estate journey with confidence and success.

Effective communication skills

Communication is key not just in real estate, but just about everything.

A skilled agent can articulate complex information clearly and concisely, ensuring that clients fully understand the intricate details of the buying or selling process.

This quality involves active listening to comprehend clients' needs, concerns, and preferences, allowing the agent to tailor their approach accordingly.

Additionally, the ability to convey market trends, negotiation strategies, and contractual obligations in a way that resonates with clients fosters trust and confidence.

Whether delivering updates, explaining contracts, or negotiating deals, a real estate agent with effective communication skills not only facilitates smoother transactions but also builds enduring relationships based on transparency and understanding.

Basic punctuality, upkeeping, and manners

Basic punctuality, upkeeping, and manners are fundamental qualities of a good real estate agent.

Punctuality is crucial in the real estate world, where timing can be of the essence. Being on time for appointments demonstrates respect for clients' schedules and reinforces reliability.

Upkeeping, encompassing a well-groomed appearance, contributes to a positive first impression and instills confidence in clients.

Manners, characterized by courtesy, politeness, and a professional demeanor, are essential for creating positive relationships and a comfortable environment for customers.

Collectively, these basic attributes enhance an agent's overall professionalism and contribute to a positive impression in the competitive real estate industry.

Responsiveness

Responsiveness stands as a paramount quality for a successful real estate agent. In a fast-paced industry where time is often a critical factor, a responsive agent can make a substantial difference.

This involves timely and efficient communication, promptly addressing client inquiries, and staying accessible throughout the buying or selling process. A responsive agent not only instills confidence in clients but also demonstrates a commitment to their needs.

Whether it's answering emails promptly, returning calls quickly, or providing updates on market developments, this proactive approach not only facilitates smoother transactions but also builds trust and fosters a positive client-agent relationship.

Market knowledge

Market knowledge is the bedrock of a proficient real estate agent. An indispensable quality, it encompasses a deep understanding of local and broader real estate trends, property values, and market dynamics. A well-informed agent can provide clients with accurate and insightful information, guiding them to make informed decisions.

From recognizing optimal pricing strategies to identifying emerging opportunities, market knowledge empowers an agent to navigate the complexities of the real estate landscape. Staying aware of current market conditions, property inventory, and economic factors enables the agent to offer strategic advice, positioning clients for success in their buying or selling endeavors.

Detail-oriented excellence

Being detail-oriented is a critical quality that sets apart an exceptional real estate agent. In a profession where precision is paramount, the ability to meticulously attend to every detail in contracts, paperwork, and transactions is indispensable.

A detail-oriented agent ensures that no aspect of a deal is overlooked, minimizing the risk of errors and complications. This quality extends to property inspections, market analyses, and all documentation, instilling confidence in clients that their interests are being carefully safeguarded.

By leaving no stone unturned, a detail-oriented agent not only upholds a high standard of professionalism but also contributes to the seamless execution of transactions, ultimately enhancing client satisfaction and trust in the agent's capabilities.

Bottom line

In the realm of real estate, a standout agent's qualities extend beyond mere skills; they form the foundational elements of success. From comprehensive market expertise to impeccable manners and polished appearance, these traits intricately weave together to craft a tapestry of professionalism.

A great agent isn't just a deal-closer but a trusted advisor, weaving relationships and client satisfaction. Beyond transactions, it's the fusion of these qualities that elevates a good agent to an invaluable partner in the dynamic world of real estate.

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