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Land prices to spike in H2
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REIC envisages good prospects for Bangkok landowners this year
published : 9 Feb 2021 at 08:04
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Land prices in Greater Bangkok are projected to rise at a rapid rate in the second half of 2021, in part because of the forecast of an economic recovery.
Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said land prices in Greater Bangkok last year kept increasing, with a year-on-year rise of 17.1% in the price index of vacant land in the fourth quarter.
The land price index escalated from 2019 before slowing down in the third quarter of 2020 to 0.7% growth quarter-on-quarter, he said.