Kaidee Property (Kaidee Property), a leading online platform for buying and selling both new and second-hand real estate in Thailand, has revealed insights gathered from user data collected between January and June, or the first half of 2022. The data indicates that Thai customers continue to be a significant driving force in the Thai real estate market. The most popular areas during this period are primarily residential neighborhoods favored by Thai citizens. Here are some interesting points:

Most Searched Areas: The top five most searched areas are still located in Bangkok, with Lat Phrao Bangkok taking the top spot for the highest number of searches, followed by Chatuchak, Bang Khae, Suan Luang, and Lat Krabang. These areas are predominantly residential for Thai nationals rather than foreigners, equipped with complete public utilities, convenient transportation, and proximity to shopping malls, business districts, and industrial estates.

This data aligns with the latest land appraisal figures, which show that the estimated land price in Lat Phrao Bangkok has increased by 38%, followed by Chatuchak at 36%, Bang Khae at 14%, Suan Luang at 11%, and Lat Krabang also at 11%.

Most Popular Property Types: Based on visitor statistics, single-family homes are the most sought-after, with a total of 110 million page views. Following this are condominiums with 91.2 million page views, land with 56.1 million page views, townhomes with 49.2 million page views, and lastly, commercial spaces with 10.3 million page views. This trend reflects a growing interest in single-family homes over condominiums post-COVID-19, as buyers are looking for more living space and adapting to new work trends, such as Work From Home or Hybrid Working, which reduces the need to commute to the city every day.

Property Price Insights: The most sought-after price range for single-family homes is under 4,500,000 THB, with rental prices not exceeding 25,000 THB. For condominiums, the most popular price range is under 1.35 million THB, with rental prices capped at 10,000 THB. In the case of townhomes, the most searched purchase price is under 2,500,000 THB, while rental prices do not exceed 7,000 THB. All these properties fall within the Main Class and Economy Class categories, indicating that Thai buyers are primarily looking for properties for personal residence rather than investment.

Areas with Increased Property Supply: The top five areas with the highest increase in property listings for rent and sale on the platform are Watthana Bangkok, followed by Bangkok's Khlong Toei, Pattaya City, Bang Lamung District, Chonburi, and Phra Khanong Bangkok. All these areas are popular among foreigners, particularly Europeans. The increase in property supply in these areas indicates that foreign demand has not yet returned, which will need close monitoring in the second half of the year to see if there will be positive changes following the government's reopening and gradual easing of COVID-19 policies as the country transitions to endemic status. Additionally, there is a growing demand from Chinese families seeking residences near international schools in Thailand, impacted by curriculum reforms in China.

This is just a glimpse of the interesting data from Kaidee Property. Those interested can find more information on quality new and second-hand properties at https://baan.kaidee.com or download the application at https://bit.ly/3OeIogU.