The Real Estate Information Agency of Thailand REIC reports that second-hand homes in the third quarter of 2021 showed average monthly sales of ฿862 billion, the highest since the market collapsed due to the toxic economy. Covid-19 slowed down entrepreneurs and buyers in 2021, and the number of homes for sale was also a record low – about 47,000 units, the lowest figure in 10 years. On the other hand, thanks to government incentives, the real estate market has created favorable conditions for investment: low mortgage interest rates, loyalty to borrowers (they can get up to 90% of the cost of housing), and low property prices.
This, of course, attracts investors and encourages low-income buyers to purchase housing that has been postponed for several reasons.
The State Housing Bank reported that as of the third quarter of 2021 (July - September) nationwide, the average sales of finished real estate amounted to 129,732 units per month. The average value is ฿8.62 billion per month. Compared to the previous quarter, there was an increase in the number of transactions and their cost.