The Thailand Real Estate Market Report is Segmented by Type (Residential, Office, Retail, Hospitality, and Industrial) and Major Cities (Bangkok, Phuket, Pattaya, Chiang Mai, Hua Hin, and Rest of Thailand). The Market Sizes and Forecasts are Provided in Terms of Values (USD) for all the Above Segments.

The Residential Real Estate Market in Thailand is segmented by Property Type (Apartments and Condominiums, Landed Houses, and Villas) and by Key Cities (Bangkok, Chiang Mais, Nontha Buri, and Samut Prakan). The report offers market size and forecasts for the Thai Residential Residential Real Estate Market in value (USD billion) for all the above segments.

Housing Index in Thailand increased to 165 points in December from 164.30 points in November of 2024. This dataset provides - Thailand House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Bangkok, Thailand (QTHR628BIS) from Q1 1991 to Q3 2024 about Bangkok, Thailand, residential, HPI, housing, real, price index, indexes, and price.

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.

In 2024, the town house price index in Thailand reached 182.7 points. The country's price index of single-detached houses and town houses has increased since 2015.

Thailand's real estate market, valued at $54.90 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.41% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, increasing urbanization and a growing middle class are boosting demand for residential properties, particularly in major cities like Bangkok, Phuket, and Chiang Mai. The tourism sector, a significant contributor to the Thai economy, continues to drive demand for hospitality and retail real estate. Furthermore, government infrastructure projects and initiatives aimed at attracting foreign investment are stimulating the commercial and industrial segments. The strong performance of leading developers such as Origin Property, Central Pattana, and Sansiri underscores the market's overall health and attractiveness to investors. However, challenges remain. Economic fluctuations, potential interest rate hikes, and evolving consumer preferences could influence market dynamics. Careful analysis of these factors is crucial for investors and developers navigating the complexities of this dynamic market. The segmentation of the Thai real estate market reflects diverse investment opportunities. The residential sector, comprising apartments and houses, is the largest segment, showing consistent demand across various price points. The office sector is influenced by the growth of technology and business process outsourcing (BPO) companies, creating demand for modern office spaces. Retail real estate, particularly in prime locations, benefits from the robust tourism sector and expanding consumer spending. The hospitality sector, including hotels and resorts, is directly tied to tourism growth and government initiatives to attract visitors. Finally, the industrial and logistics segment shows strong potential driven by ongoing investments in infrastructure and the growth of e-commerce. A geographical spread of investments across key cities like Bangkok, Phuket, Pattaya, Chiang Mai, and Hua Hin, allows for diversification and caters to various market demands. This dynamic interaction of segments and geographical locations contributes to the overall growth trajectory of the Thai real estate market. This comprehensive report provides an in-depth analysis of the Thailand real estate market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers valuable insights into market trends, growth drivers, and challenges for investors and stakeholders. The report analyzes key segments including residential, office, retail, hospitality, and industrial and logistics real estate across major cities like Bangkok, Phuket, Pattaya, Chiang Mai, and Hua Hin, as well as the "Rest of Thailand". The report leverages historical data (2019-2024) and incorporates recent significant developments to present a robust and future-oriented perspective on the Thai real estate landscape. This report is perfect for real estate investors, developers (like those specializing in luxury condos Bangkok), government agencies, and financial institutions looking for a detailed understanding of this dynamic market. It also examines the impact of partnerships such as the July 2022 collaboration between MQDC and Thai Airways on tourism and economic recovery. Recent developments include: 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 various products across sectors., July 2022: MQDC, a leading property developer, and Thai Airways International Public Company Limited (THAI) formed a partnership to boost real estate and tourism and assist Thailand's economy in recovering from the COVID-19 pandemic. For the mutual advantage of all parties, MQDC and THAI worked together in the marketing sector across four sectors as they explored ways to support their present and prospective clients.. Key drivers for this market are: The Rise in e-commerce and digitalization. Potential restraints include: The Complexity of regulations and property ownership. Notable trends are: Growth in Tourism is Driving the Market.

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.

Key information about Thailand Gold Production

• Thailand Real Residential Property Price Index was reported at 137.701 2010=100 in Sep 2024.
• This records an increase from the previous number of 137.141 2010=100 for Jun 2024.
• Thailand Real Residential Property Price Index data is updated quarterly, averaging 111.975 2010=100 from Mar 1991 to Sep 2024, with 135 observations.
• The data reached an all-time high of 137.805 2010=100 in Dec 2023 and a record low of 83.224 2010=100 in Jun 1999.
• Thailand Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

In March 2024, a survey conducted on the housing market in Thailand revealed that nine percent of the respondents intended to acquire a residential property within the year of completion of the survey. In contrast, 44 percent of the survey participants had no intention of purchasing residential real estate or might consider it after five years.

The ASEAN Office Real Estate Market Report is Segmented by Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

In 2023, the value of real estate loans by commercial banks in Thailand amounted to approximately 3.51 trillion Thai baht. The value has increased throughout the examined period.

In the second half of 2023, the majority of the newly opened luxury housing in Bangkok, Thailand had the price range between 21 and 30 million Thai baht. In the same period, there were around 3,700 newly launched units.

In the first half of 2023, large housing developers in the Bangkok Metropolitan Region of Thailand held the largest share of the market, accounting for 80 percent. Some leading housing developers in the country are AP Thailand PCL, Land and Houses, and Sansiri.

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Residential Real Estate Market Size 2024-2028

The residential real estate market size is forecast to increase by USD 482.1 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing demand from a growing population and urbanization trends. This demand is further fueled by marketing initiatives from real estate developers and agents, who are leveraging digital platforms and creative campaigns to attract buyers. However, regulatory uncertainty poses a challenge to market growth, with varying regulations and policies in different regions impacting investment decisions. For companies seeking to capitalize on market opportunities, it is essential to stay informed of regulatory changes and adapt strategies accordingly. Additionally, collaboration with local experts and partnerships with regulatory bodies can help navigate complex regulatory landscapes and ensure compliance. Overall, the market presents significant opportunities for growth, but requires a strategic approach to address regulatory challenges and effectively target demand. Companies that can navigate these challenges and adapt to local market conditions will be well-positioned to succeed in this dynamic market.

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

Request Free SampleThe market continues to exhibit activity, driven by strong economic fundamentals and population growth. In nominal terms, the market size reached an all-time high in the latest fiscal year, with discerning buyers demonstrating continued interest in spacious accommodations. However, macroeconomic headwinds, such as rising interest rates and inflation, pose challenges for some potential homebuyers. Economic factors, including GDP per capita and purchasing power, remain essential support for the housing market. Despite these conditions, property launches in the luxury residential sector have shown resilience, catering to the demand for high-end living spaces. Residential construction remains a critical component of the market, with new housing units being added to meet the growing demand for homes. Overall, the market is expected to remain a significant contributor to the economy, offering opportunities for both investors and homebuyers.

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 2024-2028, as well as historical data from 2018-2022 for the following segments. Mode Of BookingSalesRental/LeaseTypeApartments and condominiumsLanded houses and villasGeographyAPACChinaJapanNorth AmericaUSEuropeGermanyUKSouth AmericaMiddle East and Africa

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period.

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The Sales segment was valued at USD 896.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region held the largest market share in 2023 and is anticipated to continue leading the market growth during the forecast period. Key drivers of this expansion include population growth and increasing purchasing power, leading to a in demand for spacious accommodations. Rapid urbanization and economic fundamentals, such as GDP per capita, have fueled the construction of new housing units, particularly in countries like India and China. Furthermore, domestic demand and foreign homebuyers have contributed to the unsold inventory overhang, creating investment opportunities in underconstruction properties. Despite these positive indicators, challenges persist, including affordability concerns and critical input costs. In the context of the US housing market, the residential real estate sector offers investment opportunities through traditional options, such as home ownership and rental cash flow, as well as low-risk methods, like investment portfolios. Key economic factors, such as interest rates and supply metrics, impact residential property prices, which may vary in real and nominal terms. The market is also influenced by changing consumer preferences, regulatory reforms, and technological transformation, including home automation and cutting-edge strategies.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holi

As of September 2024, the area of new industrial estates in Thailand amounted to over 1,300 rai. In comparison, no new industrial estates were built in 2016.

Thailand Consumer Price Index (CPI): 1990=100: Housing and Furnishing: Household Operation data was reported at 143.100 1990=100 in Dec 1997. This records an increase from the previous number of 143.000 1990=100 for Nov 1997. Thailand Consumer Price Index (CPI): 1990=100: Housing and Furnishing: Household Operation data is updated monthly, averaging 108.985 1990=100 from Jan 1990 (Median) to Dec 1997, with 96 observations. The data reached an all-time high of 143.100 1990=100 in Dec 1997 and a record low of 98.800 1990=100 in Feb 1990. Thailand Consumer Price Index (CPI): 1990=100: Housing and Furnishing: Household Operation data remains active status in CEIC and is reported by Bureau of Trade and Economic Indices. The data is categorized under Global Database’s Thailand – Table TH.I041: Consumer Price Index: 1990=100 .

Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: ASEAN: Indonesia data was reported at 473.820 THB mn in Jun 2024. This records a decrease from the previous number of 583.500 THB mn for Mar 2024. Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: ASEAN: Indonesia data is updated quarterly, averaging 25.110 THB mn from Mar 2005 (Median) to Jun 2024, with 78 observations. The data reached an all-time high of 639.290 THB mn in Dec 2023 and a record low of 0.000 THB mn in Dec 2009. Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: ASEAN: Indonesia data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.O012: Foreign Direct Investment: Baht: (Quarterly) (BPM6): Inflow: Classified by Business Sector.

In 2023, the real estate activities sector contributed approximately 459.38 billion Thai baht to Thailand's GDP, which indicated a steady increase since 2011. The real estate industry plays a significant role in the Thai economy. Residential real estate post COVID-19 pandemic The real estate industry was one of the industries heavily affected by the COVID-19 pandemic. The number of new residential buildings in the country dropped in 2021 before recovering in the following years. In the Bangkok Metropolitan Region, more new housing projects' construction progress rejuvenated after the pandemic. In addition, the revenue of real estate developers listed in the Stock Exchange of Thailand increased to around 282.7 million Thai baht in 2022. Commercial and industrial real estate post COVID-19 pandemic In 2020, apart from residential real estate, the industrial and commercial segments also undoubtedly suffered during the pandemic. However, in 2022, the growth rate of sold and rented industrial real estate in Thailand rose almost 42 percent. For commercial real estate, the office and retail supply saw improvements as of the first quarter of 2023, indicating a 1.3 and 3.1 percent year-on-year growth, respectively.

Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: EU: Exclude United Kingdom data was reported at 2,643.370 THB mn in Jun 2024. This records an increase from the previous number of 2,643.220 THB mn for Mar 2024. Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: EU: Exclude United Kingdom data is updated quarterly, averaging 1,808.460 THB mn from Mar 2005 (Median) to Jun 2024, with 78 observations. The data reached an all-time high of 4,700.800 THB mn in Mar 2007 and a record low of 780.100 THB mn in Dec 2020. Thailand (FDI) Foreign Direct Investment: Inflow: Real Estate Activities: EU: Exclude United Kingdom data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.O012: Foreign Direct Investment: Baht: (Quarterly) (BPM6): Inflow: Classified by Business Sector.