Real estate market trends in Thailand
30/08/2024
Osiris-Investissements News Real estate ThailandFollowing the improvement in the COVID-19 situation in the country, Thailand has decided to relax its entry restrictions as of this May.
Of course, it’s up to you to monitor your health, and the Ministry of Health recommends (but does not require) that you have an ATK antigen test 5 days after your arrival.
For the time being, you still need to apply via the Thailand Pass platform(access via this link), where you will be asked to provide a vaccination certificate and health insurance with a minimum cover of $10,000.
Front page image: Photo of a hotel in Ao Nang, Krabi province – Thailand. Source: Unsplash Image Bank
If you haven’t been vaccinated, you can also enter without quarantine: instead of a vaccination certificate, you’ll need a negative PCR test carried out no more than 72 hours before departure.
In the absence of a test, you will have to spend a minimum of 5 nights in a certified hotel.
Source : https://www.thaiembassy.com
The number of new daily cases has been falling since the beginning of May.
Source: Our World in Data
In terms of tourism, the lifting of restrictions should enable Thailand to welcome between 5 and 15 million visitors in 2022, according to a government spokesman. Tourists are expected to generate between THB 630 million and THB 1.2 billion, according to TAT (Tourism Authority of Thailand) projections.
However, we will have to wait until 2026 to return to pre-pandemic arrival levels (40 million visitors in 2019).
Source: Reuters – May 6, 2022
Many people have had to postpone their trip over the past two years, but it’s now possible to come and visit without the constraints of testing or quarantine.
Would you like to arrange a property viewing, make an appointment with local experts or simply visit your next expatriate destination? Our experts at Osiris Investissement can help you plan your visit to the Land of Smiles. Don’t hesitate to contact us!