Smog said to be driving away buyers from real estate market

A real estate expert has warned that the smog crisis in the north has driven away short-term buyers from Chiang Mai.

The claim comes from Mr. Pattarachai Taweewong, Deputy Director of Research, Colliers International Thailand who said that the findings were based on a survey of the housing market in the provinces that have been affected by smog problems.

While not giving hard numbers, Mr. Taweewong told Prachachat that if the smog isn’t fixed by May that the flow on effect may be more serious.

The same report noted that as of the end of 2018, Chiang Mai had 217 residential projects in the pipeline for 2019, delivering a total of 28,519 units worth 119.998 billion baht.