The Thailand Real Estate Market Report is Segmented by Property Type (Residential and Commercial), by Business Model (Sales and Rental), by End User (Individuals/Households, Corporates & SMEs and Others), and by Major Cities (Bangkok, Phuket, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The Thailand Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Mode of Sale (Primary, Secondary), and by Cities (Bangkok, Phuket, Pattaya, Chiang Mai and the Rest of Thailand). The Market Forecasts are Provided in Terms of Value (USD).

The Thai real estate market, valued at $54.90 billion in 2025, exhibits robust growth potential, projected at a 5.41% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Thailand's burgeoning tourism sector continuously drives demand for hospitality and residential properties, particularly in popular destinations like Bangkok, Phuket, and Pattaya. Secondly, a growing middle class and increasing urbanization contribute significantly to the residential segment's growth. Furthermore, government initiatives aimed at infrastructure development and foreign investment further stimulate market activity. The industrial and logistics segment also experiences strong growth due to Thailand's strategic position in Southeast Asia's manufacturing and supply chains. However, challenges such as fluctuating interest rates, potential economic slowdowns, and regulatory changes present potential restraints on market growth. The market is relatively concentrated, with major players like Pruksa Real Estate, LPN Development, and Sansiri dominating the landscape. While the residential segment currently holds the largest market share, the hospitality and industrial segments are poised for significant growth in the coming years. The diverse geographic distribution of projects across major cities reflects the balanced growth pattern of the market. The forecast period (2025-2033) anticipates a steady increase in market value, driven by continued economic growth and investment in infrastructure. The segmentation by property type (residential, office, retail, hospitality, industrial and logistics) and major cities provides granular insights into market dynamics. While the provided data focuses on Thailand, the global context underscores the interconnectedness of real estate markets. International investment and tourism play significant roles in shaping the Thai real estate landscape, reflecting global economic trends and investor confidence. Analyzing the competitive landscape reveals a mix of established developers and emerging players, fostering innovation and competition within the sector. Understanding these interwoven factors is crucial for navigating the complexities and opportunities presented by the dynamic Thai real estate market. Recent developments include: January 2024: Sansiri Public Company Limited, a Thai real estate developer, designated Phuket as a strategic location to launch 16 new projects with a total value of THB 15 billion (USD 416.6 million) over the next five years. Sansiri is also expected to establish a new regional headquarters in Phuket to provide excellent after-sales services, reaffirming its commitment to serving both local and international customers.December 2023: Saudi Arabia and Thailand collaborated to enhance innovation and entrepreneurship, strengthening their bilateral ties. The bilateral trade relationship witnessed an uptick, with Riyadh hosting a four-day trade show in August featuring over 100 manufacturers and entrepreneurs from Thailand showcasing products across various sectors.. Key drivers for this market are: The Rise in e-commerce and digitalization. Potential restraints include: The Rise in e-commerce and digitalization. Notable trends are: Growth in Tourism is Driving the Market.

Housing Index in Thailand decreased to 158.70 points in July from 159.40 points in June of 2025. This dataset provides - Thailand House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand Luxury Residential Real Estate Market size was valued at around USD 71.27 billion in 2024 and is projected to reach USD 88 billion by 2030 with a CAGR of around 3.49%.

Thailand residential real estate market is valued at $29 Bn, driven by urbanization, rising incomes, government initiatives, and foreign investments in key cities like Bangkok and Phuket.

The Commercial Real Estate Market Report in Thailand is Segmented by Type (Office, Retail, Industrial and Logistics, Hospitality, and Other) and Key Cities (Bangkok, Chiang Mai, Hua Hin, and Koh Samui). The Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Graph and download economic data for Real Residential Property Prices for Bangkok, Thailand (QTHR628BIS) from Q1 1991 to Q1 2025 about Bangkok, Thailand, residential, HPI, housing, real, price index, indexes, and price.

The Thailand Residential Real Estate report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Thailand real estate market is valued at USD 95 billion, driven by urbanization, foreign investment, and infrastructure projects, with growth in residential and commercial segments.

In March 2024, a survey conducted on the housing market in Thailand revealed that **** percent of the respondents intended to acquire a residential property within the year of completion of the survey. In contrast, ** percent of the survey participants had no intention of purchasing residential real estate or might consider it after five years.

In 2024, the town house price index in Thailand reached ***** points. The country's price index of single-detached houses and town houses has increased since 2015.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sell the buildi

The Thailand commercial real estate market presents a compelling investment opportunity, exhibiting robust growth potential. With a market size of approximately $17 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 5.97% from 2025 to 2033, the sector is poised for significant expansion. This growth is fueled by several key drivers, including a burgeoning tourism sector driving demand for hospitality properties, increasing foreign direct investment bolstering office space needs, and ongoing infrastructure development enhancing connectivity and accessibility. The expanding e-commerce industry is also stimulating the demand for logistics and warehousing facilities. Trends such as the adoption of sustainable building practices and the increasing preference for flexible workspaces are shaping the market landscape. While challenges remain, such as potential economic fluctuations and competition among developers, the overall outlook for the Thai commercial real estate market remains optimistic. The presence of major international players like CBRE, Savills, and JLL, alongside established local developers like Supalai and Central Pattana, underscores the sector's maturity and attractiveness to both domestic and international investors. The segmentation within the Thai commercial real estate market offers diverse investment avenues. The office sector, driven by both domestic and multinational corporations, is expected to witness strong growth. The hospitality sector, supported by Thailand's tourism industry, will continue to attract investors. Retail spaces, particularly those integrated with modern amenities and entertainment options, will likely see consistent demand. Logistics and warehousing are also poised for significant expansion, driven by the growth of e-commerce and improved infrastructure. The strategic allocation of resources across these segments will be key to successfully navigating the market and capitalizing on its growth potential. Analyzing market trends, understanding regulatory changes, and maintaining a keen eye on economic indicators will be crucial for investors seeking long-term success in this dynamic market. Key drivers for this market are: Overall economic growth driving the market, The growth of business and industries driving the market. Potential restraints include: Fluctuating economic conditions hindering the growth of the market, Difficulty in landownership and leasing rights affecting the market. Notable trends are: Growing Demand for Retail Spaces in Thailand.

Thailand Real Estate Market size was valued at USD 2.47 Trillion in 2023 and is projected to reach USD 2.81 Trillion by 2031, growing at a CAGR of 1.64% from 2024 to 2031.

Thailand Real Estate Market: Definition/ Overview The real estate is characterized by the development, buying, and selling of residential, commercial, and industrial properties. It has become a significant sector within the nation's economy, contributing to GDP growth and attracting both domestic and international investors. The market is driven by factors such as urbanization, infrastructure development, and favorable government policies aimed at promoting real estate investment.

In 2023, the value of real estate loans by commercial banks in Thailand amounted to approximately **** trillion Thai baht. The value has increased throughout the examined period.

Key information about House Prices Growth

• Thailand house prices grew 8.5% YoY in Sep 2021, following an increase of 4.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 2009 to Sep 2021, with an average growth rate of 5.7%.
• House price data reached an all-time high of 20.2% in Dec 2009 and a record low of -6.1% in Dec 2020.

The Thailand commercial real estate industry is poised for continued growth, driven by favorable economic conditions and increasing foreign investment. The market size is projected to reach $17 million by 2033, with a CAGR of 5.97%. Key drivers of growth include the thriving tourism sector, government infrastructure projects, and urbanization trends. The industry is segmented into various types, including office, retail, industrial and logistics, hospitality, and others. Bangkok, Chiang Mai, Hua Hin, and Koh Samui are among the key cities driving demand for commercial real estate. The industry faces certain trends, including the rise of e-commerce, which poses challenges to the retail segment but also creates opportunities for logistics and warehousing. Sustainability is another growing trend, with developers focusing on energy-efficient and environmentally friendly buildings. While the industry benefits from steady growth, it also encounters restraints such as rising construction costs, regulatory constraints, and economic fluctuations. Despite these challenges, the outlook for Thailand's commercial real estate industry remains positive, supported by strong economic fundamentals and the government's efforts to attract foreign investment. Key companies operating in the market include Colliers International Thailand, Hipflat, Supalai Company Limited, RE/MAX Thailand, Central Pattana PLC, Savills, Dot Property, Knight Frank Thailand, CBRE Thailand, JLL Thailand, Pace Development Corporation PLC, Property Perfect, Blink Design Group, Raimon Land PCL, and DDProperty. Recent developments include: February 2024: Central Retail Corporation, Thailand's leading retailer, set aside THB 22 to 24 billion (USD 613 to USD 669 million) for expansion in 2024., December 2023: FitFlop, a UK-based ergonomic and wellness footwear brand, ramped up its global growth by securing new distributors in Canada, Eastern Europe, and Asia. The brand is further expanding its retail presence in Thailand, teaming up with local partner CMG. Notably, the Thailand store is the first to showcase FitFlop's revamped retail design, aligning it with its contemporary image and marketing campaigns.. Key drivers for this market are: Overall economic growth driving the market, The growth of business and industries driving the market. Potential restraints include: Fluctuating economic conditions hindering the growth of the market, Difficulty in landownership and leasing rights affecting the market. Notable trends are: Growing Demand for Retail Spaces in Thailand.

Technological advancements in the Thailand Commercial Real Estate industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

Thailand Commercial Real Estate Market size was valued at USD 28.63 Billion in 2024 and is projected to reach USD 42.37 Billion by 2032, growing at a CAGR of 5.23% from 2026 to 2032.Key Market Drivers:Rising Foreign Investment in Thai Commercial Properties: Thailand's commercial real estate market is experiencing a surge in foreign investment, with foreign direct investment (FDI) in the sector increasing by 28% year-on-year (Thailand Board of Investment, Q1 2024). Major players like CBRE and JLL report heightened interest from Chinese and Singaporean investors in Bangkok office towers. Recent deals include Hong Kong's Link REIT acquiring a USD 300 Million retail portfolio in prime Bangkok locations. The government's relaxation of foreign ownership rules for commercial buildings has further accelerated this trend. This influx of capital is driving premium-grade office developments across central business districts.Growing Demand for Flexible Workspace Solutions: The demand for flexible office spaces in Thailand is growing rapidly, with co-working occupancy rates reaching 85% in Bangkok (Thailand Property Report, 2023). Global operators like WeWork and JustCo are expanding their footprints, while local player The Great Room recently opened its third Bangkok location. Corporations are increasingly adopting hybrid workspace strategies, with 40% of Thai businesses now using flexible office solutions (Colliers Thailand Survey, 2024). This shift is transforming traditional office leasing models and fueling demand for serviced offices in mixed-use developments.