Thailand’s residential property market is undergoing a major shift in 2026 as buyers move away from speculative luxury purchases towards more affordable and practical housing options. While the number of Thai condominiums sold to foreigners increased slightly in 2025, the total transaction value declined, reflecting changing buyer priorities and growing budget sensitivity. Chinese buyers continue to dominate Thailand’s foreign property market by transaction volume, but purchasing behaviour is evolving. Many buyers are now focusing on smaller, family-oriented units designed for long-term living rather than short-term speculation. This trend reflects broader economic uncertainty and a more cautious investment approach across the region. Developers are also adapting to this new market environment. Instead of relying heavily on high-value luxury projects, many are repositioning towards functional and attainable living spaces that appeal to a wider range of international buyers. Demand is increasingly shifting towards affordable luxury and practical residential products that offer better long-term value. Key Market Highlights Foreign condo purchases increased in volume, but overall transaction value declined. Buyers are shifting towards smaller and more affordable units. Chinese buyers remain the largest foreign buyer group, although purchasing patterns are changing. Indian buyers are emerging as a growing market segment, particularly for larger family-sized homes. Developers are focusing more on practical and end-user-driven residential demand. One of the biggest emerging trends is the growing presence of Indian buyers in Thailand’s property market. Unlike speculative investors from previous cycles, many Indian purchasers are targeting larger units for long-term family use, contributing to a more stable end-user-driven market structure. Outlook Looking ahead, Thailand’s property market is expected to remain in a transition phase as affordability and practicality become stronger purchasing priorities. Developers that successfully adapt to changing buyer behaviour and shifting international demand are likely to remain more resilient in the evolving market landscape. Download to see insights from other country marketsDownload

Thailand’s Property Market Adjusts Amid Rising Supply Thailand’s property market is entering a transitional phase in 2026, as a surge in second-hand housing supply reshapes overall market dynamics. While listings have increased significantly year-on-year, recent quarterly data suggests a short-term slowdown, reflecting more cautious activity at the end of the year. Resale Market Dominates While Condos Face Pressure The secondary market continues to dominate Thailand’s housing landscape, with detached homes accounting for the largest share of listings. However, condominiums are emerging as the fastest-growing segment, with sharp increases in both supply and value, indicating rising selling pressure in the condo market. At the same time, demand remains concentrated in more affordable segments. Homes priced below THB1 million continue to see the highest transaction volume, highlighting strong activity among mass-market buyers despite broader market adjustments. Stable Demand Supported by Domestic and Foreign Buyers Overall transaction values have shown consistent growth throughout the year, reflecting underlying demand resilience. Notably, foreign buyers continue to play a meaningful role in the condominium market, accounting for a significant share of both transaction volume and total value. Outlook Looking ahead, Thailand’s property market is expected to stabilise further as supply adjusts and demand remains steady. With a stronger balance between buyers and sellers, the market is likely to offer more sustainable growth opportunities, particularly in well-priced segments and key urban areas. Download to see insights from other country marketsDownload

Written by Somsak Chutisilp, Country Head of Thailand CONSUMER CONFIDENCE AND ECONOMIC DRIVERS The Consumer Confidence Index (CCI) fluctuated throughout 2024 but showed a strong rebound in Q4, signaling renewed optimism among consumers. This rebound is supported by government economic initiatives and the continued recovery of the tourism sector, both of which are expected to positively impact the retail market in 2025. Retail Expansion and New Supply Investment in both existing and new retail centers continues to generate consumer interest and engagement. In 2024, several major retail center renovations were completed, and new openings added over 185,000 square meters of net new retail supply. With tourism and retail closely linked, the rise in international tourist arrivals has especially benefited established enclosed malls in downtown Bangkok. Looking ahead, the enclosed mall format is expected to contribute another 200,000 square meters of supply, which will test current occupancy rates amid growing competition. Innovation and Consumer Trends in a highly competitive retail landscape, both developers and brands are focused on delivering innovative products and exceptional customer experiences. According to Oxford Economics, Bangkok consumers allocate up to 40% of disposable income to discretionary spending, with the largest share going toward food and beverage (F&B). The F&B segment remains the dominant category for new international brand entries, with Japanese brands leading the way. Meanwhile, European brands continue to maintain a strong presence in the fashion and accessories segment. With consumer demand expected to stay strong in core retail locations, many overseas brands are eyeing Thailand as a key growth market in 2025. Click here now for more info!Download