Cryptocurrency and Digital Nomads, The New Hope of Thai Real Estate Back to Life from Covid

It can not be denied that the crisis of Covid caused a significant impact on every business worldwide, as well as real estate in Thailand. Meanwhile, cryptocurrency is the new payment option of the new era and gets more attention from every sector. Nowadays, many real estate developers tend to support their payments via cryptocurrency. Although cryptocurrency is new to the Thai real estate market, it has enormous growth potential. It is a new alternative to real estate trading and tends to be an innovative option in the modern era.

Moreover, crypto is also suitable for real estate developers who offer another payment option to increase sales. Meanwhile, Thailand is still considered a destination for digital nomads. Accordingly, there is a high probability that cryptocurrency-based digital nomads will become a variant to stimulate real estate trading in Thailand.

Atanop Phankumnerd, the CEO of Cissa Group.

Meanwhile, Atanop Phanthukom, the CEO of Cissa Group, an investment property developer in southern Thailand, said the policy that focuses on reopening the country is considered on the right track after the unfolding Covid situation. The faster the country opens, the more positive effect it will have on the economy.

“Due to the role of cryptocurrencies and their value as gold nowadays, which can be used to exchange goods and services in real life, cryptocurrency investors are considered a group of people with high purchasing power. Furthermore, cryptocurrency is acknowledged in many countries, while Thailand is in its early stages. Most investors are considered a new generation, which real estate business should not be overlooked, especially foreign investors who get a return from investing and are looking for long-term investments. Real estate is definitely the right answer. If this group of people can be attracted to buy real estate in Thailand, it will generate a huge income. ” He said.

On the other hand, Nuttaphong Kunakornwong, the CEO of SC Asset, said that the country’s opening on 1 November would be an opportunity for all businesses, including real estate. SC Asset has prepared a total condo stock worth 17 billion baht to meet the needs of foreign customers. At the same time, the company is preparing to study real estate trading through cryptocurrency. It is expected to be ready by the end of the year to facilitate the new generation of customers. SC Asset foresees the trends and opportunities of the digital asset market. It expects to become an opportunity for the real estate market, reaching foreign customers and the young generation who invest in cryptocurrency. 

Nuttaphong Kunakornwong. the CEO of SC Asset.

We see the growth of cryptocurrency in Thailand, which is currently worth 3-4 billion baht per day trading. Although it seems like not much compared to foreign countries, it grows consistently. Many investors succeed in investing in crypto, and many want to turn it into a property at the right time,” Nuttaphong said.

FazWaz News

FazWaz News publishes articles, trends and other updates about property markets across Thailand. FazWaz Property Thailand wants to help make sure buyers are well-informed about their investments.

Share
Published by
FazWaz News

Recent Posts

Bring Life To Your Home With Lighting Design

Bring Life to Your Home with Lighting Design When it comes to creating a pleasant…

1 month ago

Top 5 Innovation Trends Driving Real Estate Market in 2022

Since the COVID-19 pandemic spread around the world, it has heavily influenced the way people…

1 month ago

Nursing Home VS House/Condo for Elderly, which type is the right answer for retirees?

Today, Fazwaz is going to share interesting facts about the pros and cons between nursing…

2 months ago

How to buy properties during an inflationary period

Purchasing a home for living purposes is not far off, especially during this inflationary period…

3 months ago

Top Real Estate Developers Invest In Tech Startups For A New S-Curve

Top Real Estate Developers Invest In Tech Startups For A New S-Curve The real estate…

3 months ago

Grand Opening: The best period to buy properties

It is widely regarded as there are various periods on sale for buying properties, either…

4 months ago