One-Year Visa Exemption + Short-Term Lease? Thailand Urges Tourism Development. Huge Demographic Dividends For The Real Estate Market Is Coming!
With the further deepening of the global shared economy and the vigorous development of tourism around the world, more and more tourists come to visit the scenic spots of various countries, while the demand for transportation and residence is also increasing. For example, for travels to Southeast Asian countries, they will habitually use Grab, a taxi calling software; to rent, they usually rely on Airbnb to find housing sources.

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For Thailand, although Airbnb has been launched in the country for seven years, the short-term rental business of property other than residential accommodation has not been officially recognized by Thailand. With the formal presence of the new Thai government, various new policies have been gradually implemented in recent days. Such as pushing for the legalization of Grab service platform, and planning to allow Thai apartments to legalize sales on Airbnb platform. Pipat Ratchakitprakan, the new Minister of Tourism and Sports, said in an interview with local media on his first day in office that short-term accommodation reform and the development of tourism in second-tier cities were the priorities of the Ministry of Tourism and Sports.

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At 20:55 p.m. Thai time on August 1, 2019, the Minister of Tourism and Sports also revealed a major positive news. After internal deliberations, he agreed with the proposal of non-governmental tourism organizations. He will submit to the Prime Minister's Office a one-year visa-free policy for tourists from China and India.

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[China Town, Bangkok, Thailand](https://i.redd.it/db0sy9p0qke31.jpg)

It is reported that the policy points out that after the end of the preferential policy of VOA visa fee for Chinese tourists on October 31, 2019, the comprehensive visa-free policy will be launched for Chinese and Indian tourists from that day until October 31, 2020. If these two policies can be implemented in Thailand, it will undoubtedly be a major benefit to the people who yearn for Thailand. Visa-free + short rent, this huge demographic dividend can also benefit real estate market in Thailand.

**World-Class Tourist Attractions Stimulate GDP By Tourists' Economy**

In the latest tourist statistics released at the ASEAN Tourism Forum in July, Thailand once again surpassed other countries by 38 million visitors in the first half of 2019, winning the top ten ASEAN countries in the number of tourists. The ten ASEAN countries are not only known as China's "backyard", but also have abundant tourism resources and unique natural climate. The influx of large numbers of tourists has also stimulated the annual income generation of GDP.

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[Outbound Tourists Into 10 Ten ASEAN Countries \(unit: 10,000 persons\)](https://i.redd.it/ei03nfo4rke31.jpg)

For Thailand, which is known as the most popular tourist country in the world. The influx of a large number of tourists will inevitably bring about a huge demand for housing. The Airbnb report shows that there are about 4.3 million Airbnb lodgings in Thailand today, an increase of 150% over the previous year. In the first quarter of 2019, 159 luxury hotels, Rosewood Bangkok, near the Phloen Chit BTS station, opened their doors to the public. The third runway of Suvarnabhum International Airport is also being constructed to prepare for more visitors from various countries.

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[Suvarnabhum International Airport, Bangkok](https://i.redd.it/1hqn9rvjrke31.jpg)

However, it is well known that most Thai apartments are currently not allowed to rent short. Although there are many hotels, in the face of more and more tourists, the choice is still quite limited. For real estate investment, investors can only collect stable rents for long-term residents, which is obviously unable to meet the population flow and demand of the Thai market as a whole. Therefore, apartment short rent seems to have become another means of promoting the real estate investment market by the Ministry of Tourism of Thailand.

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If this measure is implemented, not only for tourists, there are more property categories, or rental options. For investors, there's no need to worry about finding the right tenants for the property they invest in. It's a good piece of information.

**The Choice For Residence Of Foreign Workers Is gradually Expanding**

According to Gaoli International's research data on Q2 service apartment in Thailand. As of the second quarter of 2019, 105,522 foreigners in Bangkok had been granted Thai work permits, and the number is still increasing. But not all foreigners choose to live in service apartments. Many foreign workers began to choose apartments or high-end apartments in order to get more convenient transportation and business environment.

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At the same time, the data also show that the number of investors, especially Japanese investors, is increasing in apartment investment. Japanese investors who choose to invest in Thailand account for 25% of the total foreign population. Among the foreigners who rent apartments, there are from China, Korea, Taiwan, Malaysia and some Europeans. As of the second quarter of 2019, 85% of apartment projects had occupancy rates of 95%. Sukhumvit District is still the most popular leasing area for foreigners.

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In addition, due to the high rent of service apartments, the rent rate in Lumpini District is higher than THB's 1,200 per square meter per month, so many foreigners are also looking for co-management apartments or high-end apartments in the same area to rent. New apartments are more attractive and competitive in the rental market.

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**Land Price Rising Monetary Value-added Thai Real Estate is Irresistible**  
With the development of Thai economy and infrastructure, the price of Thai real estate industry will keep pace with it. Thailand's new finance minister recently said: "The average land price in Bangkok will rise by 2.5%, but still 20% lower than the average market price." Assessment land prices across Thailand are expected to rise by 11%.With the development of Thai economy and infrastructure, the price of Thai real estate industry will keep pace with it. Thailand's new finance minister recently said: "The average land price in Bangkok will rise by 2.5%, but still 20% lower than the average market price." Assessment land prices across Thailand are expected to rise by 11%.

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This is also good news for those who have invested in real estate in Thailand. Apart from the value of real estate, the value-added of real estate is more directly reflected in the performance of rental income.

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Since this year, the Thai baht has appreciated more than 6.03% against the US dollar. As of July 1, the exchange rate of the US dollar against the Thai baht has reached a six-year high and is expected to break through 30 in the first quarter of next year. Become Asia's best performing minority currency. The strong appreciation of the Thai baht not only means that the value of Thai real estate is high, but also that those who have invested in Thai real estate are undoubtedly the biggest beneficiaries of the currency exchange rate gap.

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From Thailand's economic, national and urban infrastructure in recent years, it is not difficult for us to predict that a more international metropolis is gradually taking shape. Although Thailand has a small population, with the gradual introduction and improvement of tourism, visa and permanent residence policies, it will not be too far for a large number of foreigners to supplement the population structure of Thailand.

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With Thailand's ready-made international education and medical level, low consumption, harmonious social environment and other natural favorable conditions, will attract more and more people to pour in, work or apply for permanent residence. Therefore, as far as the current price level is concerned, Thailand's real estate will continue to rise without doubt. Don't wait until the future has come to regret the hesitation at the beginning. If you look at the market, it's not too late to start now.

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