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TwitterIn 2024, the number of inhabitants in the Bangkok Metropolitan Area, Thailand, was estimated to amount to around **** million people. The figures show a gradual increase in Bangkok's population in the last 10 years. Bangkok’s most populated and most popular areas Bangkok experienced rapid growth between the 1960s and 1980s and has developed into one of Southeast Asia's leading commercial markets, a hub for real estate, retail, manufacturing, commerce, transportation, and financial services, despite challenges and political instability over the last decades. Khlong Sam Wa, Sai Mai, and Bang Khae, located on the outskirts, are the most populated districts in Bangkok, with comparatively low rental prices. In contrast, rather expensive areas around Wireless Road, upper and lower Sukhumvit, Sathorn, and Silom are particularly sought after by high-income residents and working expatriates. Bangkok’s housing prices Local buyers are facing difficulties as a result of Bangkok's increasing interest rates, which have reduced house affordability, as well as a lack of confidence in the economy. The price index of townhouses in Bangkok has shown increases since 2013. The same goes for single-detached houses and condominiums. Long-term demand will be limited by Thailand's aging population, and many prospective new purchasers, particularly Millennials and Gen Y, often choose to rent instead of buying.
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TwitterIn 2023, the average monthly income per household in Thailand was highest in Bangkok and the greater Bangkok area, which amounted to approximately ****** Thai baht. In that year, the average monthly income per household across Thailand was over ****** Thai baht. Bangkok is the main urban hub in Thailand, with the highest population density compared to other regions in the country. Income inequality and the migration of workers within the country Income inequality in Thailand is among the highest in Southeast Asia, and particularly high in northeast Thailand. As a result of this factor, people are constantly moving to Bangkok and its vicinity, as well as the Eastern Region with its industries, for better job opportunities and higher wages. In 2023, the number of registered domestic migrations in the country amounted to almost *************. Despite the inequality of income in the country, Thailand has almost no unemployment at all. The employment rate in Thailand has remained steady in the past decade, with less than *** percent of the total population unemployed. Monthly household expenses in Thailand In recent years the disposable incomes of many Thai households have taken a hit. In 2023, the average monthly expenditure per household in Thailand was around ****** Thai baht per month. The monthly household expenditure varies across different regions, with Bangkok and the greater Bangkok area generally having higher expenses compared to other regions in the country. The largest portion of household expenditures are mainly used for food, followed by housing, transportation, and personal expenses. At the same time, Thailand’s household debt has been increasing constantly, reaching more than *********** Thai baht in 2023.
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TwitterIn 2024, the number of inhabitants in the Bangkok Metropolitan Area, Thailand, was estimated to amount to around **** million people. The figures show a gradual increase in Bangkok's population in the last 10 years. Bangkok’s most populated and most popular areas Bangkok experienced rapid growth between the 1960s and 1980s and has developed into one of Southeast Asia's leading commercial markets, a hub for real estate, retail, manufacturing, commerce, transportation, and financial services, despite challenges and political instability over the last decades. Khlong Sam Wa, Sai Mai, and Bang Khae, located on the outskirts, are the most populated districts in Bangkok, with comparatively low rental prices. In contrast, rather expensive areas around Wireless Road, upper and lower Sukhumvit, Sathorn, and Silom are particularly sought after by high-income residents and working expatriates. Bangkok’s housing prices Local buyers are facing difficulties as a result of Bangkok's increasing interest rates, which have reduced house affordability, as well as a lack of confidence in the economy. The price index of townhouses in Bangkok has shown increases since 2013. The same goes for single-detached houses and condominiums. Long-term demand will be limited by Thailand's aging population, and many prospective new purchasers, particularly Millennials and Gen Y, often choose to rent instead of buying.