{"id":26129,"date":"2021-12-03T06:02:56","date_gmt":"2021-12-02T23:02:56","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=26129"},"modified":"2021-12-02T23:06:54","modified_gmt":"2021-12-02T16:06:54","slug":"digital-nomads-may-be-key-to-boosting-thailands-economy-and-real-estate","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/digital-nomads-may-be-key-to-boosting-thailands-economy-and-real-estate\/","title":{"rendered":"Digital nomads may be key to boosting Thailand’s economy and real estate"},"content":{"rendered":"

Cryptocurrency\u2019s growth potential could serve as a new alternative to real estate trading\u00a0<\/span>\u00a0<\/span><\/p>\n

\"\"
In an effort to boost the economy, Thailand has recently approved the digital nomad visa and three other new types of visas. SantiPhotoSS\/Shutterstock<\/figcaption><\/figure>\n

With the boom of cryptocurrency, experts say that it could be incredibly beneficial to Thailand’s real estate market, serving as a new alternative to real\u00a0estate\u00a0trading, reported The Thaiger<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

In addition to cryptocurrency,\u00a0digital nomads\u00a0can also help boost the real estate market, as it will support trading stimulation in the country.\u00a0<\/span>\u00a0<\/span><\/p>\n

According to\u00a0a CEO of an investment property developer, people who invest in crypto are considered as a group with high purchasing power.\u00a0<\/span>\u201c<\/span>\u00a0<\/span><\/p>\n

The real estate industry should not ignore investors of this new generation, as they can generate\u00a0a huge income if they\u00a0can be attracted to buy property in Thailand.\u00a0<\/span>\u00a0<\/span><\/p>\n

Moreover, a<\/span>s Club Med recently voted Thailand as the best country to live in for\u00a0digital nomads,\u00a0allowing such workers to stay may be the key to boosting the economy.<\/span>\u00a0<\/span><\/p>\n

Despite digital nomads being one of the four high-quality tourist demographics for Thailand\u2019s tourism, there still isn’t a\u00a0legal visa for those working remotely for countries abroad.\u00a0<\/span>\u00a0<\/span><\/p>\n

WorkMotion\u00a0says that technology is ready for remote work, and the pandemic has\u00a0induced\u00a0the market for offsite workers worldwide\u00a0to continuously\u00a0grow in the future.\u00a0<\/span>\u00a0<\/span><\/p>\n

In an effort to boost the economy, Thailand has recently approved the digital nomad visa and three other new types of visas.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Easing of mortgage rules in Thailand to increase loans by $1.5M per year<\/strong><\/a><\/p>\n

Furthermore, current laws do not allow foreigners to buy land or property, but new laws would help ease the obstacles for those approved groups, which include wealthy\u00a0travellers, retirees, and highly-skilled workers.\u00a0<\/span>\u00a0<\/span><\/p>\n

The new property ownership laws seem similar to the<\/span>\u00a0<\/span><\/b>U.S.-Thailand Treaty of Amity, which gives special privileges to Americans on Thai soil, and vice versa.<\/span>\u00a0<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0<\/em>propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency\u2019s growth potential could serve as a new alternative to real estate trading\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":26130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[519,1135,557,133],"class_list":["post-26129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-cryptocurrency","tag-digital-transformation","tag-property-market","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"\nDigital nomads may be key to boosting Thailand's economy and real estate | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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