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Updated the key Industry Indicator: Low Rise Housing in BMR in each industry.By Patchara Klinchuanchun

Through 2022 to 2024, the housing markets in the BMR should gradually strengthen on an economic rebound and rising consumer spending power

Through 2025, the market for residential property in the Bangkok Metropolitan Region (BMR) has been under great pressure due to softening domestic and international consumer purchasing power arising from the uncertainty generated by the global trade war. Through 2026-2027, the frail domestic economy and ongoing weakness in consumer spending will remain the major challenges to the housing market.

In 2021, the housing market in the Bangkok Metropolitan Region (BMR) will remain flat or see only mild growth, premised on: (i) the ongoing spread of COVID-19 and the effects of this on economic recovery, and (ii) steadily rising household debt that is undercutting consumer purchasing power and encouraging lenders to be more careful about the release of new credit.

The residential property market in the Bangkok Metropolitan Region (BMR) is expected to expand gradually over 2027–2029,

Krungsri Research believes that over 2024-2026 the sales of residential properties will gradually recover, increasing by 2-3% per year, averaging approximately 83,000 units annually.

Updated the key Industry Indicator: Housing in BMR in each industry.By Patchara Klinchuanchun

Through 2019, the housing market in the Bangkok Metropolitan Region (BMR) is expected to keep growth flat or slow down due to a high base effect in 2018. The market will also encounter headwinds in the form of: (i) the new, stricter regulations governing housing debt that determine loan limits on a loan-to-value ratio; (ii) the introduction of the Land and Building Tax Act, which will come into effect in 2020; and (iii) a weakening of the spending power of overseas (and especially Chinese) buyers caused by a softening of the world economy. These factors may then feed into higher operating costs, and a decline in both investor confidence and the willingness of buyers to purchase new properties. However, in 2020 and 2021, the market is expected to rebound on the effects of government spending on major infrastructure projects and on greater demand for accommodation from non-Thai buyers investing or working in Thailand.

2020 Bangkok residential business And metropolitan areas are likely to contract strongly from 2019