The Thailand real estate market size reached USD 29.54 Billion in 2024 and is projected to reach USD 37.01 Billion by 2033, growing at a CAGR of 2.28% during 2025–2033. The market is witnessing steady expansion, supported by government-backed infrastructure development, rising foreign investment, and growth across major urban and economic corridors. Thailand’s tourism recovery is playing a critical role in boosting demand for residential, hospitality-linked, and mixed-use real estate projects, particularly in key tourist and metropolitan cities.

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Key Takeaways and Insights:

Market Growth Drivers:

Growth is driven by large-scale infrastructure projects, increasing foreign direct investment, tourism revival, and expanding economic zones across Bangkok and regional hubs.

By Property Type:

Residential real estate remains the largest segment, supported by urban housing demand and lifestyle-driven developments. Commercial and industrial properties continue to gain traction due to business expansion and logistics growth, while land investments remain strong in emerging corridors.

By Business Model:

Sales dominate the market, driven by end-user housing demand and long-term investment interest. Rental demand is also rising, supported by expatriates, digital nomads, and tourism-linked short- and mid-term stays.

By Mode:

Offline transactions continue to lead due to high-value deal preferences, while online platforms are gaining momentum for property discovery, marketing, and lead generation.

By Region:

Bangkok leads the market owing to its status as Thailand’s economic and commercial hub. Eastern regions benefit from industrial and infrastructure-led growth, while Southern and Northern regions are supported by tourism, resort housing, and wellness-oriented developments.

Key Market Trends:

Mixed-use developments are gaining popularity as developers integrate residential, commercial, and leisure spaces to optimize land use and enhance lifestyle convenience.

Resort and wellness real estate is expanding in locations such as Phuket, Chiang Mai, and Hua Hin, driven by wellness tourism, retirees, and remote workers.

Smart and sustainable housing is emerging as a key trend, with growing demand for energy-efficient, IoT-enabled, and environmentally certified homes.

Co-living and flexible leasing models are gaining traction in urban centers, catering to young professionals, expatriates, and digital nomads seeking affordability and flexibility.

Competitive Landscape:

The Thailand real estate market is moderately competitive, with established developers and new entrants focusing on mixed-use projects, premium residential offerings, and sustainability-led developments. Players are emphasizing smart design, green construction, and lifestyle-centric projects to strengthen market positioning.

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