14/06/2025
#อสังหาริมทรัพย์
Thailand’s Housing Market Slows in Q1/2025, Outlook Brightens with New Measures Thailand's property market experienced a marked slowdown in Q1/2025, with both residential transfers and mortgage lending declining amid ongoing economic challenges, according to the Real Estate Information Center (REIC).
Residential transfers fell 10.5% year-on-year to 65,276 units, while the total value dropped 13% to 181.5 billion Baht. The decline was seen nationwide, especially in Bangkok, Chonburi, Nonthaburi, Pathum Thani, Chiang Mai, and Nakhon Ratchasima. Notably, Rayong and Surat Thani defied the trend with increases in both volume and value, while Phuket and Samut Prakan recorded mixed performance.
New housing loans also shrank, totaling 109.4 billion Baht, down 10% from Q1/2024. The Government Housing Bank (GHB) remained dominant, issuing 42.8% of new loans. Foreign demand softened as well, with 3,919 condo units transferred to non-Thais, valued at 16.4 billion Baht (down 9%). Chinese buyers remained the largest group, though both their purchase volume and value declined. Myanmar buyers increased in number but spent less, while Russian buyers bought fewer units but spent more overall.
REIC now projects the market to remain flat or slightly down in 2025, with minor declines of 0.3% in unit transfers and 0.8% in value. New housing loans are expected to dip just 0.3%. Looking ahead, the outlook for Q2 and beyond is more optimistic, supported by key government incentives:
• Transfer and mortgage fee cuts to 0.01% for homes priced under 7 million Baht (Apr 22, 2025 – Jun 30, 2026)
• Loan-to-value (LTV) easing by the Bank of Thailand (May 1, 2025 – Jun 30, 2026)
These measures aim to restore buyer confidence and stabilize the housing market in the coming quarters. If you are interested in buying Thai Property, always take legal advice.
At G.A.M, we can assist you if you have any questions about buying property in Thailand. Contact us today!, simply contact us via email: [email protected] www.gam-legalalliance.com or call us: 02-611-2881