Thailand’s second-hand housing market is more than twice the size of the new home market

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Pattaya continues to attract foreign retirees and long-term buyers, supported by strong transport links to Bangkok and nearby international airports, making it one of Thailand’s key resale housing hotspots. (File photo)

PATTAYA, Thailand – Sophon Pornchokchai, president of the Thai Real Estate Research and Valuation Information Center under Agency for Real Estate Affairs (AREA), said Thailand’s housing market recorded a total of 316,214 property transactions in 2025.

Of that total, 100,944 units, or 32 percent, were new homes, while 215,270 units, or 68 percent, were second-hand homes.

In value terms, the nationwide resale housing market reached 541.3 billion baht, compared with 486 billion baht for new homes.



Sophon noted that resale prices registered in official systems are often around 30 percent lower than actual transaction prices. If adjusted, the real value of the second-hand market would be even higher, making it about 11 percent larger than the new home market.

He said this shows that Thailand’s property market is increasingly driven by existing housing stock rather than newly built developments.

Pattaya remains one of the key drivers of the resale housing segment, particularly among foreign retirees, long-term visitors, and buyers seeking more affordable options outside the capital.


The city offers a strong combination of beach lifestyle, healthcare facilities, shopping, nightlife, and transport connectivity.

It is located within convenient reach of Bangkok and is well connected via major highways to both Suvarnabhumi Airport and U-Tapao International Airport.

These factors continue to support Pattaya’s position as one of Thailand’s most attractive resale property markets, especially for retirees and foreign buyers seeking convenience, value, and accessibility.