Leading Property Consultants
1286 for Sale - 777 for Rent | Total Listings: 1916

Top Five Changes of the Thai Property Market Over Five Decades

Over the past five decades the Thai property market has changed an unbelievable amount. Apart from the wonderful Thai friendliness and way of life, the whole country is almost unrecognisable from the way it was back then.


This page explores the top five changes in the Thai property market within this time.




Top of the list must be the quality of the buildings. Not so long ago most buildings in Thailand were designed simply to sleep in and were made from the cheapest local materials.


Thailand has come on leaps and bounds since those days and property made here now is comparable to anywhere in the world, with only one exception, which brings us nicely onto our next change in the property market.




The price of Thai property has skyrocketed in recent years, compared to what it cost many decades ago.


Some older Thai people simply cannot believe the prices paid for land around areas that were once simple fishing villages.


That said, the current prices demanded for Thai property or land is still a fraction of what you would expect to pay in any modern western country.


Supply and Demand


Tourists began to flock to Thailand during and after the America-Vietnam war. Prior to this most westerners couldn’t point out Thailand on a map if their lives depended on it.


Since then the tourism industry has boomed. And the demand for property has risen in direct correlation with the tourists.


You only have to see the condominium construction projects in place in places like Pattaya to see the demand for property in Thailand.




As well as the increased quality of property in Thailand, Thai property in general has become much more liveable for foreign visitors.


Pretty much all newly built homes have western bathrooms and kitchens. Apart from the view out of the window a house bought in Thailand these days could be anywhere in the Western world.


There are now even more foreign communities popping up in most major cities in Thailand, with a massive recent influx of eastern Europeans, Chinese and Japanese people deciding to make Thailand their home.




Lastly the purpose of the property being built in Thailand has changed dramatically in the last five decades.


Prior to the rise in tourism most property was built to house one family for simple living purposes.


Now properties are built for many different reasons; whether it is a hotel, restaurant or nightclub, more commercial properties are now being built with tourism in mind.

Comments are closed.

Featured Properties

Fantastic 5 bed pool villa in Bangsaray on 1,200 sqm of land


Located close to Silver Lake and close to the Buddha Image Khao Chi Chan, this estate on 1196 sq.m. comprises 3 buildings with 5 bedrooms, 5 bathrooms, a European kitchen, and an outdoor Thai Kitchen. It is an ideal home for a large family but can even be extended by buying the next plot of 600 sq,m.

For Sale 17,900,000 ฿
Fantastic 2 bedroom apartment in Gardenia, South Pattaya!

Location:South Pattaya

We have a stunning 116 sqm 2 bedroom apartment for sale in Gardenia Pattaya. The unit is uniquely located on the first floor with trees and nature all around you. If you are looking for an apartment that feels like living in a house this is yours. There are even 2 storage rooms and the unit has a great layout, Combined with the amazing furniture and decoration this makes truly it a home for you and your family. Gardenia Pattaya is in a brilliant location as it is only 5 minutes to the beach b

For Sale 8,300,000 ฿
Stunning 4 Bed Beverly Hills Pool Villa for Sale in Jomtien!


We have for sale a stunning, modern, and stylish Beverly Hills Pool Villa in Jomtien, just a few hundred meters from the beach. This brand-new pool villa, which has never been lived in, comprises four large bedrooms, five luxury bathrooms, and two large terraces. One terrace is located next to the pool, and the other one is adjoining the master bedroom. When constructing this pool villa, the owner did not cut any corners and only used the best high-class materials.

For Sale 25,000,000 ฿
Background photo created by lifeforstock - www.freepik.com