Overview
The 2024 Thailand real estate market is marked by a tale of two halves: headwinds in the early part of the year, followed by recovery. Economic growth is expected to be moderate, driven by tourism, domestic consumption, and foreign investments. However, challenges like high supply pressure, slow foreign condominium transfers, and muted investment activity remain. Key sectors such as residential, office, retail, and industrial logistics are adjusting to changing market conditions, with growing demand for sustainable and tech-driven developments, particularly in prime locations.
Short Description
The CBRE Thailand Real Estate Market Outlook 2024 outlines a cautious yet optimistic forecast for the real estate sector. While early 2024 will see challenges like high vacancy rates in offices and supply pressures in residential markets, recovery is expected in the second half, supported by increased tourism and foreign direct investment. Key trends include a focus on luxury residential projects, green-certified office buildings, and expanding retail in suburban areas. The industrial sector, especially in logistics and electric vehicles, is also poised for strong growth
Overview
Thailand’s economy in 3Q2024 is projected to grow between 2.3% and 2.8%, driven by domestic consumption and a recovering tourism sector. However, challenges such as high household debt, tightening lending standards, and external economic volatilities pose risks to growth. Globally, inflation remains a concern, with policymakers in the US, EU, Japan, and China carefully balancing growth and interest rate adjustments. Foreign direct investment (FDI) is increasing, especially in the electronics sector, while Thailand’s exports and tourism sectors show strong recovery.
Short Description
This report offers an analysis of Thailand’s economic outlook for 3Q2024, highlighting key factors like domestic consumption, tourism recovery, and FDI growth. It addresses the challenges posed by inflation, high household debt, and external volatilities while noting strong growth in industrial exports and the tourism sector. The report also touches on global economic trends, emphasizing the careful balancing of growth and inflation control.
Overview
The housing market in the Bangkok Metropolitan Region (BMR) is expected to experience steady growth from 2024 to 2026. The recovery is driven by rising consumer purchasing power, government spending on transportation infrastructure, and increasing demand from foreign buyers and expatriates. Despite challenges like high financial costs and household debt, the market is forecast to grow with an estimated annual increase of 2-3% in sales and 3-4% in new supply. Most of the new developments will be low-rise projects targeting high-end buyers, while high-rise projects will continue expanding along new metro lines.
Short Description
The report provides a detailed outlook on the housing market in the BMR, highlighting key factors such as improving economic conditions, government infrastructure projects, and foreign investment as key drivers of growth. Sales and new housing supply are set to rise gradually, with a focus on low-rise housing for high-income buyers and high-rise developments along metro lines. However, challenges such as rising costs, tighter credit conditions, and significant unsold inventory will continue to impact the market