Property prices in Bangkok have been steadily increasing. According to the latest data, from 2006 to the second quarter of 2023, the average property prices in Bangkok's core five districts have risen by nearly 180%, with an average annual increase of over 10%. This is mainly attributed to the rapid development of the city, economic growth, population growth, and supply-demand imbalances. The continual rise in land costs in Bangkok has prompted real estate developers to increase selling prices, thereby driving overall market price increases.

Bangkok's real estate market has been positively influenced by infrastructure development. The Bangkok municipal government has been committed to enhancing the city's infrastructure, including improvements in transportation, water, and electricity supply.

For instance, the expansion of the metro system, the construction of highways, and the progress of new international airports have made Bangkok more convenient and attractive, further propelling the development of the real estate market.

Foreign investments have played a significant role in Bangkok's real estate market. The Thai government has implemented a series of policies to encourage foreign investments and relaxed restrictions on foreigners purchasing property in Thailand.

This has attracted many foreign buyers to invest in properties in Bangkok, not only as investment tools but also to cater to vacation and retirement needs. The influx of foreign buyers has further stimulated the demand in Bangkok's real estate market, driving up property prices.

Furthermore, the rapid growth of Bangkok's tourism industry has also contributed to the real estate market's promotion. Thailand, as a unique tourist destination, has attracted a significant number of domestic and international tourists.

The prosperity of the tourism industry has led to an increase in investment opportunities, such as hotels, resorts, and serviced apartments, and has also stimulated the demand in Bangkok's real estate market. Many investors have rented out their properties to tourists, obtaining stable rental returns.

However, it is essential to note that Bangkok's real estate market also faces some risks and challenges. Factors such as policy changes, economic fluctuations, and financial risks may all have an impact on the market. Moreover, imbalances in supply and demand can lead to market fluctuations and price volatilities. Therefore, before investing in Bangkok's real estate, buyers should fully understand the market dynamics and conduct comprehensive risk assessments.