Thailand’s Property Market Adjusts Amid Rising Supply

Thailand’s property market is entering a transitional phase in 2026, as a surge in second-hand housing supply reshapes overall market dynamics. While listings have increased significantly year-on-year, recent quarterly data suggests a short-term slowdown, reflecting more cautious activity at the end of the year.

Resale Market Dominates While Condos Face Pressure

The secondary market continues to dominate Thailand’s housing landscape, with detached homes accounting for the largest share of listings. However, condominiums are emerging as the fastest-growing segment, with sharp increases in both supply and value, indicating rising selling pressure in the condo market.

At the same time, demand remains concentrated in more affordable segments. Homes priced below THB1 million continue to see the highest transaction volume, highlighting strong activity among mass-market buyers despite broader market adjustments.

Stable Demand Supported by Domestic and Foreign Buyers

Overall transaction values have shown consistent growth throughout the year, reflecting underlying demand resilience. Notably, foreign buyers continue to play a meaningful role in the condominium market, accounting for a significant share of both transaction volume and total value.

Outlook

Looking ahead, Thailand’s property market is expected to stabilise further as supply adjusts and demand remains steady. With a stronger balance between buyers and sellers, the market is likely to offer more sustainable growth opportunities, particularly in well-priced segments and key urban areas.