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Are property prices in Thailand going down like in China, the USA, and Europe?

Thailand property marketproperty prices Thailandexpat housing in Thailandforeign ownership of propertyBangkok real estatePhuket real estatehousing trendsinvestment in Thailand
Aug 30, 2023
a year ago
Saxen *****
ORIGINAL POSTER
hi everyone, is the property prices going down there? china USA Europe are going down, i am just wondering if Thailand is the same?

kind regards Dave
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TLDR : Answer Summary
The original post inquires about the downward trend of property prices in Thailand, comparing it with declines in China, the USA, and Europe. The responses vary; several commenters note that property prices in popular areas like Phuket are still rising, while in Bangkok, the market is experiencing a surplus of new condominiums, leading to stagnation or depreciation of older properties. Some users express concerns about the long-term stability of global property prices, hinting that the influence of international buyers, especially from China, could impact Thai property values. Overall, the sentiment is mixed, with some advocating for renting instead of buying.
Brian *******
Yes some have! Check out The Title Residence Naiyang very nice resort just 5 minutes from one of the nicest Beach's on the island and just 5 minutes from the airport well worth it to check it out
a year ago
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Ruth *******
As others have alluded to, your assumptions are suspect. There was a short dip in home prices in the U.S. as people waited for mortgages to come down. As folks came to realize they were not going to, the normal rise in prices resumed.

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a year ago
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Saxen *****
ORIGINAL POSTER
@Ruth ******
 hi ok lets hope i am wrong but time will tell ?
a year ago
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Saxen *****
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Johnny ********
where in europe ?
a year ago
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Charles ***********
From what I've heard, prices of new builds keep going up, especially in Bangkok, prices of anything more than a few years old go down. Meaning lots of negative equity.

RENT!!!!
a year ago
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Saxen *****
ORIGINAL POSTER
@Charles **********
 thanks for your info kind regards dave
a year ago
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Saxen *****
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Oliver **********
Kind regards, Dave
a year ago
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Chris **********
A condo is for sale in pratumnak for 1.9m. A Russian purchased it for 2.4m just over a year ago. But Many for sale and many keeping their prices high still.
a year ago
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Saxen *****
ORIGINAL POSTER
@Chris *********
 ok thanks for the info i am just curios. Kind regards dave
a year ago
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Saxen *****
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Terry ********
I’m not sure why you think property prices are going down in the USA. I’m in the process of selling a house there for more than I ever imagined it would be worth.
a year ago
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Saxen *****
ORIGINAL POSTER
@Terry *******
 yes correct you will be if you had it a long time, but wait soon they will drop 20% or35% they forecast is ,hope its wrong information but i doubt it, kind regards Dave
a year ago
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Ruth *******
@Saxen ****
 the magical “they”. 🤣🤣🤣
a year ago
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Ruth *******
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Paul *******
As a foreigner, you can essentially only own a condo in Thailand, so it's not a very attractive property market compared to Australia, New Zealand, the USA or Canada.
a year ago
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Saxen *****
ORIGINAL POSTER
@Paul ******
 thanks paul yes i know that kind regards dave
a year ago
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Saxen *****
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Robert **********
It is far cheaper to rent than it is to buy in SEA. Negotiate to pay a year in advance for 10% less than they are asking with no deposit. Landlords can never resist a wad of cash in the hand and you won't see them for a year.
a year ago
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Saxen *****
ORIGINAL POSTER
you might be right robert
a year ago
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Saxen *****
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Saxen *****
ORIGINAL POSTER
Thanks for the for the info.
a year ago
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Saxen *****
ORIGINAL POSTER
hi , the whole world is going to change now, BRICS meeting last week, google it. in my opinion the west is done, to much government and public debt , kind regards dave
a year ago
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Michael **********
@Saxen ****
 opinions are like (something else )
a year ago
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Paul *********
@Saxen ****
 as inept as the western governments are, thankfully, the brics members are generally more inept and definitely more corrupt so the west is not done just yet
a year ago
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Saxen *****
ORIGINAL POSTER
@Paul ********
 hope your right but doubt it, they own most minerals food oil gas etc , you don't think the west are corrupt ? ok that's your opinion , opinions are like ass holes we all got them, kind regards Dave
a year ago
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Paul *********
@Saxen ****
 I said more corrupt mate. Of course the west is corrupt but not as corrupt as the emerging/developing nations
a year ago
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Saxen *****
ORIGINAL POSTER
@Paul ********
 you think so? there's a western president in a corruption case now and his family's getting billions back handers for years? kind regards Dave,
a year ago
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Paul *********
@Saxen ****
 yes I think so. I can't be bothered to explain it to you seeing as your so anti western and already know everything and changed the topic to suit your agenda. Feel free to invest your money in Thailand. I won't bother to explain the rules regarding foreign investment to you and don't cry when you've lost all your money
a year ago
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Saxen *****
ORIGINAL POSTER
@Paul ********
 am not anti western am not anti any country and i don't know everything , i did not change the topic other people did, i just asked a simple question , but get know it all answers from people that think they know , but lets wait see who is right, time will tell ? kind regards dave
a year ago
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Paul *********
@Saxen ****
 know it all answers? I know the west is a better investment than a certain country that only let's you own 49% of a business and let's you own 0% of a property but hey go ahead and invest. I'll keep my capital in the west thank you
a year ago
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Saxen *****
ORIGINAL POSTER
@Paul ********
 ok no problem hope your right .but lets agree to disagree .time will tell .we will find out soon enough
a year ago
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Saxen *****
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Saxen *****
ORIGINAL POSTER
yes your right, sad but true, my father was in the north Korea war he said he did not know how he survived, si i know a bit about history i read it, kind regards dave
a year ago
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Saxen *****
ORIGINAL POSTER
@Mike *****
 hope you are right but doubt it, BRICS are just starting there are over 40 country's wanting to join, Saudi Arabia work of the petrodollar there joining next year, that's a huge deal for USA ,and the BRICS have about 40% of the world population if you think that's small ? i want world peace not war , and want all country's to have good health and wealth
a year ago
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Mike ******
@Saxen ****
 geopolitical tensions will Never abate

From tribal fractions in uneducated remote areas to CIA MI5 etc ..

It will never stop

It can’t

It’s human EGO ..opinion ..whatever

Enjoy the ride !!
a year ago
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Mike ******
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Saxen *****
ORIGINAL POSTER
Thank you for the information
a year ago
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Dimitri ********
Why do you think that property prices in Europe are going down? It contradicts what I know.
a year ago
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Saxen *****
ORIGINAL POSTER
a year ago
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Saxen *****
ORIGINAL POSTER
@Dimitri *******
 because Germany is in a recession ,because of fuel ,energy and gas prices, knock on effect , kind regards Dave
a year ago
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Dimitri ********
@Saxen ****
 In the last 30 years, house prices have increased sixfold in my home country. What you see now is a dip. The increase is expected to continue next year. There is a shortage of housing, a shortage of building land and environmental regulations only make it more expensive and more complicated to build. The shortage of houses will continue and prices will only continue to rise.
a year ago
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Dimitri ********
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Durrant ********
Thailand prices never went up so why would they go down
a year ago
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Dave **********
@Durrant *******
 fact prices for land have steadily go up over the last two plus decades in Hua Hin and most places in Thailand.
a year ago
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Sam ********
@Dave *********
 that's the land prices (which foreigners can't buy). What about the villas on the land?
a year ago
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Dave **********
@Sam *******
The comment.I replied to was "fact prices for land have steadily go up over the last two plus decades in Hua Hin and most places in Thailand".

As to your comment agree houses everywhere tend to depreciate in value while land goes up in value.

Since I married a Thai in 1974 and retired here in 2001 my outlook is most likely different then yours on this subject.
a year ago
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Sam ********
@Dave *********
 thanks, you certainly have more experience in the area than me (I've been going every year to HH only since 2019), so I'm happy to hear any insight or opinions you might have on HH property.
a year ago
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Sam ********
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John *******
And Russians 😭🙏
a year ago
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Mike *******
@John ******
a year ago
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Mike *******
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Us *****
Lol, America is stable, no one is moving with that 3% interest. China is a shit show, because they have the dumbest mortgage policy ever. But to answer your question, the prices will drop once the Chinese buyers want to liquated their buildings here. Also, they are over developing here in BKK. The islands such as Phuket and Samui might be a different story since land is rare. But always rent and if you want to buy then wait for the Chinese people to cry their hearts out.
a year ago
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Saxen *****
ORIGINAL POSTER
@Us ****
 hi USA Europe china UK are all going down soon this year or next ,with the information i am getting, hope its wrong but doubt it, to much government and public debt now, and they cant pay it , kind regards dave
a year ago
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Sam ********
Chinese buyers just look abroad for their next property purchases, now they are coming to Dubai to buy property
a year ago
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Us *****
@Sam *******
 the 1% elite are trying to move money out with their home purchases abroad. But the otheres are struggling now.
a year ago
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Sam ********
@Us ****
 Yep, true. Property accounted for ~60% of household wealth in China and ~75% of household debt. Now that the China property market is imploding, most Chinese people won't be buying homes anywhere anytime soon.
a year ago
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Us *****
@Sam *******
 ture, only the top 5% of Thais are buying up these condos in bkk right now. The Chinese investment money is gone and the developers are stressing eight now. The farangs are too broke or too smart to buy here. Once the recession hits in 2025, all these properties will be half off. Waiting for the Chinese to panic, they have never faced a recession.
a year ago
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Us *****
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Eric **********
@Us ****
 7-8% in the USA
a year ago
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Us *****
@Eric *********
 people that locked in the 3% interest during the pandemic are not moving
a year ago
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Eric **********
@Us ****
 True! They can not!
a year ago
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Eric **********
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Klaus ***********
Where do you see prices going down in the world - nobody with a 3% mortgage will sell their house and nobody can effort a house to buy with 7% mortgage - % May vary in different countries but the situation is everywhere the same - the property market is frozen and it will take another year before this will change. You are way to early. Delinquency must unfold before you should start to look into buying- it will a fest for the prepared and slaughtering for the once to early/late to the game.
a year ago
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Mike ******
@Klaus **********
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a year ago
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Klaus ***********
Mike Pole exactly since the last crash exactly 15 years ago - maximum profit achieved if you went in early and out in the past 2 years. Very convenient that the report is starting right after the last crash😅.

The question is are you prepared to go down there again or do you want to wait another 10 years to see the prices of today again?
a year ago
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Klaus ***********
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Alistair **********
@Klaus **********
 pretty sure long term fixed rates are mainly an American thing. Australia has seen a small drop from peak prices in many places.
a year ago
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Klaus ***********
Alistair Thompson the prepared are not looking for smaller swings but for the once in decades or even better lifetime opportunity.
a year ago
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Alistair **********
@Klaus **********
 the prepared should've already bought property. People have been saying the markets gonna crash for 20+ years.
a year ago
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Klaus ***********
Alistair Thompson 15 years to be exact- they did and they sold in
*******
at the peak - now patiently waiting for the rinse&repeat default- it is the same in stocks - you need people entering all the way to the top and selling at the bottom to profit. Banks are patiently waiting for the default while meanwhile earning interest before they get your home on Pennie’s for the $ as the icing. It takes longer this time to unfold as the cake needed to built up to record layers first. There is even the probability they are not yet finished, one last pump is entirely in the cards the outcome would make 2007-09 look like a pimple.
a year ago
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Alistair **********
@Klaus **********
*******
wasn't the peak..
a year ago
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Klaus ***********
Alistair Thompson depending on the horizon - certainly not we will most likely revisited those levels in 10-15 years again and make new highs but this is not a strategy to become rich.
a year ago
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Klaus ***********
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Brandon ************
Foreigners cannot buy or own land in Thailand.

In Bangkok there are huge numbers of condos under construction and people only want to buy new condos so old condos sit on the market for long periods of time and rarely see large increases in value.
a year ago
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Jeffrey **********
@Brandon ***********
lots of misinformation in that statem
a year ago
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Sam ********
Foreigners can buy villas though, but you need to lease the land. Is it the same case for villas, with people only wanting new ones, so old ones stay on the market?
a year ago
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Brandon ************
@Sam *******
 I'm only familiar with Bangkok/condos
a year ago
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Sam ********
@Brandon ***********
 I always stay in Hua Hin and that's what I heard about the villas there, pretty similar to what you wrote about BKK condos.
a year ago
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Sam ********
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Ji ********
@Brandon ***********
 why foreign can't buy land in Thailand
a year ago
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Brandon ************
Mark Tabanao that's the law
a year ago
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Brandon ************
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Martin **********
@Brandon ***********
 New condos are getting smaller and smaller... if you buy à good older condo, you will not loose on resale, expecially, with seaview. Meanwhile you rent out without paying ridiculous taxes, like in Europe.
a year ago
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Martin **********
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David *******
No still going up here in phuket anyway
a year ago
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David *******
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