Thailand is a popular destination for both domestic and foreign real estate buyers, with a wide range of property types available to suit all budgets and needs. In 2023, the most popular types of real estate in Thailand are:
1. Condominiums
Condominiums are the most popular type of residential real estate in Thailand, especially in Bangkok and other major cities. They are popular with both Thais and foreigners, as they offer a convenient and affordable way to live in a central location. Condominiums in Thailand range in size from small studio apartments to luxury penthouses, and there is a wide range of prices to choose from.
2. Detached houses and townhouses
Detached houses and townhouses are popular with Thai families and buyers who prefer to have their own private space. Detached houses are typically located in the suburbs or outside of major cities, while townhouses are often found in more central locations. Detached houses and townhouses can range in price from a few million Thai baht to tens of millions of Thai baht, depending on the size, location, and amenities.
3. Land
Land is a popular investment in Thailand, as it is a scarce resource. Land prices have been rising steadily in recent years, and there is strong demand from both domestic and foreign buyers. Land can be used for a variety of purposes, such as building a home, developing a business, or simply holding as an investment.
4. Commercial real estate
Commercial real estate is also popular in Thailand, as the country’s economy continues to grow. There is strong demand for office space, retail space, and industrial space. Commercial real estate prices vary depending on the location and type of property. For example, office space in the central business district of Bangkok is very expensive, while industrial space in the suburbs is more affordable.
5. Hospitality real estate
Thailand is a major tourist destination, so there is strong demand for hospitality real estate, such as hotels, resorts, and serviced apartments. Hospitality real estate prices vary depending on the location and type of property. For example, hotels in popular tourist destinations such as Phuket and Krabi are very expensive, while serviced apartments in less popular tourist destinations are more affordable.
Popularity of Different Real Estate Types in Different Regions of Thailand
The popularity of different real estate types varies depending on the region of Thailand. In Bangkok, the most popular type of real estate is condominiums, followed by detached houses and townhouses. Land is also popular in Bangkok, especially as an investment. In other major cities such as Chiang Mai and Phuket, condominiums are also popular, but there is also a strong demand for detached houses and villas. In rural areas, detached houses and land are the most popular types of real estate.
Conclusion
Thailand offers a wide range of real estate options to suit all budgets and needs. The most popular types of real estate in Thailand in 2023 are condominiums, detached houses and townhouses, land, commercial real estate, and hospitality real estate. The popularity of different real estate types varies depending on the region of Thailand.
