A survey conducted by the Real Estate Information Center of Thailand (REAL) showed that in the third quarter of last year, sales of second homes throughout the kingdom declined.
Vichai Viratkapan, Acting CEO of REIC, believes that the decline in sales is due to the cancellation of state benefits for fees and mortgage lending.
The number of secondary housing units sold in the third quarter of 2022 increased from the first and second quarters. At the same time, the indicator in the third quarter of 2022 is 15% higher than in the third quarter of 2021.
In 2022, the volume of secondary housing decreased by 3.3% at the end of the third quarter of last year in the number of units to 162,923 and fell by 3.4% in value to 962.2 billion baht compared to the second quarter.
The largest number of objects are individual houses, followed by apartments in condominiums, and then townhouses.
Most of the objects worth 1 million baht or less were put up for sale, followed by houses worth 2-3 to 3-5 million baht.
The province with the largest number of second homes put up for sale was Bangkok, which sold 59,181 properties for a total of 606 billion baht. This amounted to 36% and 63%, respectively, of the total number and value of houses put up for sale on the secondary market of the country.