2022 is the year of hope for the Thai real estate sector. But it turned out to be facing monsoon challenges from the economic slowdown. Effects of the Russo-Ukrainian War Combined with inflation that drives up construction costs. and higher interest rates All resulted in the growth direction of the real estate market. This year was not sprinkled with rose petals as expected. However, measures to help the real estate sector of the government and the relaxation of housing loan control measures. (Loan-to-Value: LTV) of the Bank of Thailand that will end at the end of this year. This is still a positive factor that attracts real demand buyers to decide to buy more homes this year. Data from the Consumer Confidence Index survey for November 2022 by the Center for Economic and Business Forecasting. The University of the Thai Chamber of Commerce found that the Consumer Confidence Index (CCI) improved from 46.1 to 47.9, which was an improvement for the sixth consecutive month and was the highest level in 20 months since. April 2021 onwards is considered a positive sign, reflecting that consumer confidence in spending has returned.
Data from the latest survey of consumers’ opinions on the housing market, DDproperty’s Thailand Consumer Sentiment Study, found that external factors that consumers prioritize when choosing to buy housing are More than half want projects that are easily accessible by public transportation (53%), followed by project locations (50%), reflecting that current home seekers still focus on buying houses/condominiums that located on a potential location ready to support traveling to work and all aspects of lifestyle
DDproperty, Thailand’s No. 1 real estate marketplace website, reveals insights from website visitors. www.ddproperty.com and the DDproperty application for the year 2022 (data collected between January and November 2022), reflecting the trend of demand for buying and renting housing of Thai consumers across the country.
“Bangkok” wins the hearts of home buyers The metropolitan provinces are gaining momentum overtaking tourist cities.
Bangkok is still popular as a province that is interested in buying real estate. Most in the year 2022, followed by No. 2 Nonthaburi, No. 3 Samut Prakan, No. 4 Pathum Thani, No. 5 Chonburi, No. 6 Chiang Mai, No. 7 Prachuap Khiri Khan, No. 8 Phuket, No. 9 Pattaya and No. 10 Nakhon Pathom
The top 4 are in the Bangkok area. and the entire perimeter In addition, it is the result of the development of public utilities. transportation system and a comprehensive electric train extension project And connecting to travel makes the demand for housing no longer concentrated in the capital city. As a result, the real estate market In areas outside the capital, it has become a location to watch and grow with.
where “condo” becomes a type of real estate was the most searched country in the past year with a share of 42%, followed by single-detached houses (40%) and townhouses (18%). Ding is still in demand and meets the needs of modern consumers. Even without the dramatic growth But the competition for the launch of condo projects of real estate operators Going out to more provincial markets It is considered an opportunity to expand to new target groups that still have demand.
The Yellow Line MRT pushes “Suan Luang”, the most popular location among buyers.
For the real estate market in Bangkok, real estate developers continues to launch new projects to support the expansion of urban communities Especially in areas with developed transportation infrastructure. The more it attracts consumers to look for housing at a reasonable price in a location that meets their needs. Considering the number of views on real estate announcements For sale on the DDproperty website, it was found that “Suan Luang” was the location that received the most attention in 2022. A variety of styles to choose from. and has the advantage of location that supports a variety of travel When combined with the merit from the MRT Yellow Line Project Lat Phrao – Samrong Which will open in 2023, which can connect to many routes with the electric train, making “Suan Luang” become the most popular location on the buyer’s side this year
by 10 locations in Bangkok that received the most interest in buying in 2022, including
- 1st place, Suan Luang Subdistrict, Suan Luang District
- No. 2, Bang Chak, Phra Khanong
- 3rd place, Bangna Subdistrict, Bangna District
- 4th place, Khlong Tan Nuea, Wattana District
- Rank 5, Lat Phrao Subdistrict, Lat Phrao District
- 6th place, Huai Khwang Subdistrict, Huai Khwang District
- 7th place, Chomphon Subdistrict, Chatuchak District
- 8th place, Huamark Subdistrict, Bangkapi District
- 9th place, Din Daeng Subdistrict, Din Daeng District
- No. 10, Samsen Nai Subdistrict, Phaya Thai District
In addition, when considering the location in Bangkok that get the most buying attention When divided by type of real estate, it was found that
- location in Bangkok who are interested in buying a condo The highest in 2022, namely Khlong Tan Nuea, Watthana
- location in Bangkok that received the highest interest in buying a single detached house in 2022, namely Prawet Subdistrict, Prawet District
- location in Bangkok that received the highest interest in buying townhouses in 2022, namely Tha Raeng Subdistrict, Bang Khen District
“Bangchak”, a location with great potential Most searched tenants of the year
In the midst of financial challenges from the economic situation and the recent outbreak of the COVID-19 virus, consumers have turned to rent instead of buying housing. Because it reduces the burden of expenses and is more convenient to relocate. Data from the number of views of real estate listings for rent on the DDproperty website reveals that in 2022, “Bang Chak” is the location that receives the most rental interest. With the prominence of being a popular residence for both Thai and foreign working people. near the city center Surrounded by complete facilities and there is a train passing by As a result, land prices continue to rise. But there are also condos with an affordable price is an interesting option
by 10 locations in Bangkok That received the most rental interest in the year 2022 are:
- No. 1, Bang Chak, Phra Khanong
- 2nd place, Bangna Subdistrict, Bangna District
- 3rd place, Khlong Tan Nuea, Wattana District
- 4th place, Huai Khwang Subdistrict, Huai Khwang District
- 5th place, Phra Khanong Subdistrict, Khlong Toei District
- 6th place, Suan Luang Subdistrict, Suan Luang District
- 7th place, Khlong Toei Nuea, Wattana District
- No. 8, Din Daeng Subdistrict, Din Daeng District
- 9th place, Chomphon Subdistrict, Chatuchak District
- Rank 10, Huamark Subdistrict, Bangkapi District
While the location that received the most rental interest in the year When categorized by type of property, it was found that “Suan Luang” ranks No. 1 in the search for low-rise housing for rent. Because it is a middle to upper-level residential area that can easily travel.
- location in Bangkok that received interest in renting a condo The highest in the year 2022, namely, Huai Khwang Subdistrict, Huai Khwang District
- location in Bangkok that received the highest interest in renting single houses in 2022, including Suan Luang Subdistrict, Suan Luang District
- location in Bangkok that received the highest interest in townhouse rentals in 2022, namely Suan Luang Subdistrict, Suan Luang District
Condos – Townhouses at affordable prices that meet the needs of buyers. As for the high-income group, looking for a detached house
While the type of property in Bangkok that has the most interest in buying in 2022, it was found that more than half (55%) of consumers searched for condos as number 1, reflecting that condos are still in demand. Both from buyers to live or investors. because there is a clear target group of residents and has features that facilitate more flexible living in the capital This was followed by single-detached houses (28%) and townhouses (17%).
By the level of housing prices that urbanites are most interested in buying in 2022, when divided by property type, it was found that
- Condo price level The most searched during the year was the price range of 1-3 million baht, with 42% of searches reflecting the demand of customers in the middle-low market who want to own housing at an affordable price (Affordable price) or buying a home for the first time. Therefore choose the one that is suitable for purchasing power. And it’s worth considering the positive factors from measures to reduce ownership transfer fees – mortgage fees to only 0.01% for housing with a price not exceeding 3 million baht and the relaxation of housing loan control measures. (Loan-to-Value: LTV) of the Bank of Thailand This makes it possible to get a full loan of 100% by the end of 2022, followed by a price level of 5-10 million baht and 3-5 million baht (in the proportion of 18% and 16% respectively).
- Contrary to the price level of detached houses that were most interested in buying this year, namely the price level of 10 million baht or more with 36% of the proportion, followed by the price level of 5-10 million baht (30%) and the price level of 3-5 million baht. baht (20%), reflecting demand among consumers with high purchasing power and sufficient savings. who are interested in owning a luxury home (Luxury) without having to rely on government assistance measures and consumers who need space to support the living of family members It is necessary to choose to consider detached houses with higher prices. in exchange for usable space that meets the needs
- As for the price level of townhouses that were most interested in buying in the year, it was found that almost half of consumers (48%) searched for townhouses in the price range of 1-3 million baht the most. followed by a price range of 3-5 million baht (27%) and 5-10 million baht (15%). It can be seen that consumers are interested in buying a townhouse at a tangible price level. As in the condo group
Condos – townhouses for less than 20,000 won the hearts of tenants.
In the residential rental market, it was found that “condo” still dominates the popularity and is a type of real estate. For rent, the most people searched for in 2022 with a proportion of up to 86% because it is a residential style that meets urban living needs. which are both working and school-age concentrated in a large number Low-rise housing, such as single detached houses and townhouses, had the same share of rental interest at 7%.
When considering the level of monthly rent that received the most attention during the year. Divided by type of real estate found that
- Condo rental level Which is the most searched in the year, almost 4 in 5 of the tenants (74%) are interested in searching for the price not over 20,000 baht, which is considered a reasonable price when comparing the value of renting a condo. on a convenient location There is a reliable security system. and a standardized management system
- 1st place, rental level 10,000-20,000 baht, 38% proportion
- 2nd place, rent level, not more than 10,000 baht, 36% proportion
- 3rd place, rent level 30,000 baht or more, proportion 15%
- The rental level of single-family homes that are most searched for in the year More than half of tenants (59%) are interested in renting at a price of 30,000 baht or more, with a focus on renting a detached house with complete facilities. Located in a prime location where it’s hard to find a new house at a reasonable price. There is enough space to support the living of family members. Which is considered worthwhile compared to having a long-term debt burden from buying a house at this time
- 1st place, rent level 30,000 baht or more, proportion 59%
- 2nd place, rental level 10,000-20,000 baht, 19% proportion
- 3rd place, rental level 20,000-30,000 baht, 16% proportion
- The most searched townhouse rental level of the year Most tenants (38%) want to rent at a price of no more than 20,000 baht, seeing that it is a consistent and reasonable price for renting a townhouse. that get more private space than renting a room or condo which can be extended in doing business as well
- 1st place, rental level 10,000-20,000 baht, 38% proportion
- 2nd place, rent level 30,000 baht or more, 27% proportion
- 3rd place, rental level 20,000-30,000 baht, 20% proportion
