Economy
SCB EIC Report: Thai Housing Market Faces Slow Recovery
A new survey by SCB EIC indicates that 56% of potential buyers have no plans to purchase a home within the next five years due to economic pressures.
According to a recent Real Estate Survey 2026 conducted by SCB EIC, the Thai housing market is experiencing a sluggish recovery. The report highlights that 56% of respondents have no intention of purchasing a home within the next five years, marking the highest level of buyer hesitation in four years.
Several factors are contributing to this trend, including a slow economic recovery, stringent bank lending criteria, and rising property prices. The data suggests a shift in consumer behavior, with a growing preference for second-hand properties and a specific demand for homes priced below 3 million baht.
For residents and expatriates, this trend reflects broader economic caution. While the cooling demand for new developments may lead to more competitive pricing or promotional offers from developers, the difficulty in securing financing remains a significant hurdle for many.
It remains to be confirmed how developers will adjust their project pipelines in response to this sustained lack of demand. Furthermore, it is unclear if government policy interventions will be introduced to stimulate the sector or ease lending conditions for first-time buyers. Those looking to enter the market should monitor these trends closely, as the preference for affordable, pre-owned housing continues to reshape the landscape.
