The Mice (meetings, incentives, conventions and exhibitions), tourism and agricultural sectors are expected to continue driving housing demand in major provinces in the Northeast despite the rate of inflation, with the help of China’s reopening earlier this year.
Wuttichai Chatchaiphonrat, president of the Khon Kaen Real Estate Association, said the residential market in Khon Kaen would maintain a positive trend this year despite several negative factors.
“The end of the easing of the loan-to-value limits, rising interest rates and inflation will have an impact on housing demand. However, the overall economic factors in the province are likely to support continuous growth in the residential market,” he said.
