Thailand's real estate market to revive by the second half of 2022

Thailand's real estate market to revive by the second half of 2022

According to the Real Estate Information Center (REIC), demand for housing and real estate sales will normalize by the end of 2023.

After a severe epidemiological situation, Thailand’s real estate sector began to show signs of recovery. The reason for this was the relaxation of LTV measures by the Bank of Thailand (BOT) for loan agreements concluded from October 20, 2021, to December 31, 2022. These measures were to support Thailand. According to the State Housing Bank, the situation will stabilize by the second half of 2022.

From December 2021, the number of ready-to-move apartments, including detached houses and townhouses, will gradually increase. In particular, many new projects will be launched in the 3rd and 4th quarters of 2022.

The Chairman of the executive committee of Supalai Public Company Limited said that Thai real estate would feel better by 2022. Developers will also focus on the markets of new holiday homes and luxury properties in the provinces.

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