I am going to do some major repairs and renovation to a house in Chantaburi. In april we got a first rough estimate, but now I am told, that prices of buildingmaterials have almost doubled since then. Can anyone confirm this?

I think that double price is a little bit exagerating, but 20-30% since April is a reality...

I was told something similar but I cant see it myself. From what I can see steel is collapsing in price and concrete is approx: 20% down in terms of whats supplied but as we always see in Thailand, the average clown never likes to put down prices no matter what else is happening in the markets. Just wait a couple of months and see what happens. I suspect the cr#p will be hitting the fan in terms of Thailand's economy.

Double is a bit OTT, but the price of steel has gone up by just under 30%, i, like many are just waiting to see if the current fall in oil/diesel prices has a knock on reduction effect in the steel price

It double for Farangs and 20 to 40% increase for Thais

It double for Farangs and 20 to 40% increase for Thais

That is absolute none sense, building supply shops have one price that fits all, steel shops have printed price lists that are issued every few days to keep pace with the fluctuation of steel prices.

It double for Farangs and 20 to 40% increase for Thais

That is absolute none sense, building supply shops have one price that fits all, steel shops have printed price lists that are issued every few days to keep pace with the fluctuation of steel prices.

Absolutely correct! and the steel prices are very much linked to the price of oil/diesel.

The price of rebar has recently dropped by 30% but the cement cartel of Saraburi is maintaining cement prices despite the reduction in fuel costs and reduced demand.

It's a case of Thai economics 101 - less demand = raise prices to maintain income.

Thank you all. I think I will just wait for a while, to see what happens.

It's a case of Thai economics 101 - less demand = raise prices to maintain income.

As sad as this may appear it does seem to actually work, unfortunately.

It's a case of Thai economics 101 - less demand = raise prices to maintain income.

As sad as this may appear it does seem to actually work, unfortunately.

That's because everybody sticks together, and maintain the "policy" nationwide. Power to the people - it's the "Thailand popular front" in action .