Home buyers look to resale properties

The increase in non-performing assets (NPA), or foreclosed homes in the real estate market appeals to foreigners seeking residential properties. in prime locations.

According to Anchana Vallipakorn, co-founder and CEO of Baania (Thailand), the overall second-hand property market in Bangkok has seen a significant increase in the number of listings in five districts, namely Huai Khwang, Wattana, Chatuchak, Khlong Toei, and Ratchathewi.

Huai Khwang has the highest number of listings, accounting for 9.8% of the total, mainly featuring 1-bedroom, 1-bathroom condominium units between 30 and 50 square metres is size.

The types of residential properties listed for sale are condos at 89.3% (up from the previous quarter by 48.5%), single-family houses at 6.6% (increase of 25% from the previous quarter), and townhouses at 4% (up by 34% from the previous quarter).

Despite a significant…