Thailand’s Property Market Is Evolving
A dramatic shift is happening in cities like Bangkok, Pattaya, Chiang Mai, and Hua Hin — as aging hotels, apartments, and office buildings exit the market.
In addition Owners are facing a perfect storm of
Land & building taxes based on appraised value — a heavy, fixed cost regardless of income
Renovation costs that many small hotel/apartment owners can’t afford
Newer developments offering higher standards at competitive prices
Oversupply in key sectors (office, mid-range apartments) hurting profitability
Post-pandemic shifts in demand and usage
The Market Is Changing, for instance,
Many older buildings are being sold off for redevelopment into hotels or new residences
Owners are changing their approach, real estate is no longer just a passive income source — it’s an actively managed asset
Those who’ve achieved their financial goals are choosing to exit rather than reinvest
Hotspot Cities:
Bangkok, Pattaya, Chiang Mai, and Hua Hin — all have long-standing buildings now ripe for renovation or sale, creating prime opportunities for investors
What’s Next?
An increase in 30-year lease transactions and hotel conversions
A potential entry point for investors ready to upgrade assets and ride the wave of tourism recovery
For many owners, selling now is more profitable than holding onto assets that no longer perform
Presented by: Luxe Property Hua Hin
www.luxepropertyhuahin.com
