Thai property market to normalise in 2023 - industry centre

BANGKOK : Thailand's property market is expected to return to pre-pandemic levels in late 2023, sooner than previously forecast, supported by an easing of housing loan regulations and a reopening to more foreign visitors, a property research centre said on Wednesday.

The sector had initially been forecast to return to normal in 2025-2027, but it could pick up sooner, the Real Estate Information Center , a unit of the Government Housing Bank, said in a statement. New sold housing units are expected to fall by 35per cent to 43,051 units this year before doubling next year, he said.

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