The Real Estate Information Center (REIC) of the Government Housing Bank (GHB) has conducted an analysis titled "National Housing Market Situation Q1 2026." The housing market shows signs of slowing down.

In terms of supply, the number of land allocation permits nationwide decreased by -45.7%, and the number of residential construction permits nationwide dropped by -50.2% compared to the same period last year (YoY). Specifically, single-family homes and condominiums saw declines of -45.5% and -71.3%, respectively. On the demand side, the transfer of ownership of residential properties nationwide increased by 11.2% in units and 3.1% in value compared to the same period last year (YoY). Additionally, the value of new personal housing loans nationwide rose by 11.1% compared to the same period last year (YoY). The details are as follows:

  1. Supply Situation of Residential Properties
    1. Land Allocation Permits for Residential Properties Nationwide

In Q1 2026, there were 5,783 residential properties that received land allocation permits nationwide, a decrease of -45.7% compared to the same period last year (YoY), which had 10,652 units. This decline was observed across all regions of the country. When considering the type of housing, single-family homes received the most permits, accounting for 48.3% of the total allocated units, followed by townhouses at 26.0%, duplexes at 20.9%, vacant land at 4.2%, and commercial buildings at 0.5% respectively.

    1. Residential Construction Permits Nationwide

In Q1 2026, approximately 27,870 residential construction permits were issued nationwide, a decrease of -50.2% compared to the same period last year (YoY), which had 55,952 units. This included approximately 24,920 units of single-family homes and about 2,950 units of condominiums, reflecting declines of -45.5% and -71.3%, respectively, compared to the same period last year (YoY).

When analyzed by region, the issuance of residential construction permits decreased in all regions of the country, with the southern region experiencing the largest decline at -65.2%. This was followed by the western region at -59.2%, the eastern region at -54.3%, the northern region at -46.2%, Bangkok and its vicinity at -43.1%, the central region at -40.0%, and the northeastern region at -33.6%.

  1. Demand Situation for Residential Properties
    1. Transfer of Ownership of Residential Properties Nationwide

In Q1 2026, there were 72,583 units of residential property ownership transfers nationwide, an increase of 11.2%, with a total value of 187,182 million baht, up 3.1% compared to the same period last year (YoY). Specifically, single-family homes saw 48,746 units transferred, an increase of 12.2%, with a value of 130,760 million baht, up 4.1%. Meanwhile, condominiums had 23,837 units transferred, an increase of 9.3%, with a value of 56,422 million baht, up 0.8%.

When examining the transfer of ownership by price range, the number and value of transfers increased in almost all price ranges compared to the same period last year (YoY), particularly in the price range of up to 3.00 million baht, which saw the most significant increases in both units and transfer values, rising by 13.7% and 13.6%, respectively. However, properties priced at 7.51 million baht and above saw declines, with the number of units and transfer values decreasing by -14.9% and -16.4%, respectively.

    1. New Personal Housing Loans Nationwide

In Q1 2026, new personal housing loans nationwide amounted to 121,557 million baht, an increase of 11.1% compared to the same period last year (YoY), which had a value of 109,368 million baht.

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The statistical data and any writings contained in this report have been obtained from reliable sources or processed from reliable data. The Real Estate Information Center has verified the information to a certain extent but cannot guarantee its accuracy or truthfulness and shall not be liable for any damages arising from the use of this information. Users of the information should exercise discretion and verify as appropriate.

For more information, please contact: Public Relations and Information Services, Real Estate Information Center

18th Floor, Building 2, Government Housing Bank Headquarters, 63 Rama 9 Road, Huai Khwang, Bangkok 10310

Phone: 0-2645-9675-6, Fax: 0-2643-1252