Thailand's housing market is still suffering from the coronavirus crisis, which blocks purchasing activity and reduces market supply. According to Vichai Viratkapan, executive director of REIC, the number of new housing in 2021, 47,000 units throughout the country, is the lowest in the last 10 years.
New opportunities have emerged in the secondary housing market. According to the Real Estate Information Center (REIC), as of the third quarter of 2021 (July-September), secondary real estate sales dominated the housing market. The volume of transactions in the third quarter amounted to 129,732 units for ฿8.62 billion ($255.2 million), compared with 114,668 units sold for ฿8.18 billion ($242.6 million) in the previous quarter – there is moderate growth. Secondary market properties, mansions, townhouses, and commercial real estate are the most popular types of housing.
In late 2021 – early 2022, the Thai government plans to increase the assets of financial institutions, reduce interest rates and, if possible, control the rise in property prices.