Cryptocurrency Q&A
What is RAI in real estate?
What is RAI in real estate?
Riccardo
Fri Sep 13 2024
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7 answers
1839
Could you please explain what RAI stands for in the context of real estate? I'm interested in understanding the significance and potential applications of this term in the industry. Additionally, I'd appreciate any insights you have on how RAI relates to other key concepts in real estate finance and investment.
7 answers
Eleonora
Sun Sep 15 2024
In Thailand, a unique unit of measurement known as Rai is used to quantify land. This traditional metric holds significant cultural and practical importance, particularly in real estate transactions.
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Starlight
Sun Sep 15 2024
Each Rai represents a vast area, equivalent to a substantial 1600 square meters under the modern metric system. This conversion factor underscores the scale of landholdings measured in Rai.
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BonsaiGrace
Sun Sep 15 2024
To provide a comparative perspective, an acre, a commonly used unit of land measurement globally, approximates to approximately 2.5 Rai. This comparison highlights the relative size of Rai vis-à-vis international standards.
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DaeguDivaDanceQueenElegance
Sat Sep 14 2024
The significance of Rai extends beyond mere numerical conversions. It is deeply embedded in Thai culture and serves as a historical marker, reflecting the country's traditional land management practices.
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Chiara
Sat Sep 14 2024
Understanding Rai is crucial for foreigners investing in Thai real estate, as it allows for accurate assessment of property sizes and values. This knowledge is vital for making informed decisions in the market.
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