The Future of Real Estate in Thailand

If you’re thinking about buying property in Thailand, you’re not alone. In recent years, the Southeast Asian country has become increasingly popular with foreign investors, and it’s easy to see why. With its stunning beaches, lush jungle landscapes, and vibrant cities, Thailand has a lot to offer. But what does the future hold for the Thai real estate market?


The current state of the Thai real estate market is strong. According to Jones Lang LaSalle (JLL), a leading global real estate services firm, the Bangkok residential market saw record transaction volumes in 2022, with over 10,668  sold, even though the year did not end yet.

in 2H 2022, we expect the launch of more than 16,000 new condominiums in Bangkok, with a total development value of over THB50 billion. Such a market expansion will result in more than 40,000 new units for sale this year, with a combined development value that exceeds THB100 billion. These numbers would be higher than the corresponding totals for each of the past two years.

This was driven by a number of factors, including low-interest rates, a growing economy, and an increase in the number of domestic and foreign buyers.

Looking ahead, JLL predicts that the Bangkok residential market will continue to perform well in 2023, with transaction volumes expected to reach 35,000 units. They also expect prices to continue to rise, albeit at a slower pace than in previous years. Outside of Bangkok, JLL expects secondary cities such as Chiang Mai and Phuket to see increasing demand from both domestic and foreign buyers.

Conclusion:
The future of the Thai real estate market looks bright. Thanks to factors such as a growing economy and low-interest rates, demand for property in Thailand is expected to remain strong in the coming years. If you’re thinking about buying property in Thailand, now is a good time to do so.

If you’d like to start your investment portfolio in a country where many investors like to go, then consider Thailand. Let Thaimax Property assist you by enabling you to invest in premium real estate. Have a look at our latest featured properties.

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