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Vol. 43 No. 78 (2024)
Special Issue: the Contemporary Global Economy

Economic policy

A New Perspective on Real Estate in Thailand in the Post-Epidemic Era: Multi-Criteria Decision Analysis

https://doi.org/10.19053/uptc.01203053.v43.n78.2024.17278

Published 2024-07-13

  • Fan Zhai
    • ,
  • Ahmad Yahya Dawod
    • ,
  • Somsak Chanaim
    • ,
  • Naret Suyaroj

Fan Zhai
Chiang Mai University

Ahmad Yahya Dawod
Chiang Mai University image/svg+xml

Somsak Chanaim
Chiang Mai University image/svg+xml

Naret Suyaroj
Chiang Mai University image/svg+xml

Abstract

The objective of this study was to evaluate the impact of the pandemic on Thailand’s real estate market and to propose recommendations for investors and other market participants on how to continue operating in the market. The primary research methods employed were analysis, forecasting, and abstraction. The impact of the global pandemic on Thailand and the country’s economy, with a particular focus on the real estate sector, was evaluated. The changes observed in the real estate sector since the onset of the pandemic were presented, including a decline in activity due to travel restrictions, a correction of residential and commercial property prices, an increase in demand for suburban properties, and a shift towards online sales, among other notable developments.

Keywords

COVID-19, regional development, scenario analysis, investments, finances, Thailand

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