Thailand’s property market shows bubble risk in specific areas, with over 350,000 unsold residential units nationwide and particularly severe oversupply in Bangkok condominiums. While national price growth remains modest, certain investor-focused submarkets face prolonged absorption problems.
- Greater Bangkok has approximately 235,000 unsold residential units, the highest level since the late 2010s.
- Nationwide unsold housing inventory exceeds 350,000 units in mid-2020s due to aggressive development during weak demand.
- Bangkok condominium prices show stagnant resale values with widespread price cuts and promotional campaigns.
- Bubble risk is concentrated in specific submarkets targeting investors and foreign buyers rather than nationwide.
- National house prices have grown modestly at low single-digit rates since 2015, avoiding classic bubble patterns.
Source: Thetraveler
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