In the first quarter of 2015, real estate sector rose by 3 %, accelerated from 2.5 %in the previous quarter. On demand side, housing right transfer in Bangkok and local areas and personal housing credit expanded by 6% and 12%, respectively. The property sector remained fairly happy due to high liquidity in the market and pent-up demand filtering in to the system, with a large number of project completions

On supply side, completed registered housing within Bangkok continued to rise. However, property developers were hesitating to launch new housing projects as per their concerns for a slow economic recovery. This was in line with a 20.8 % decrease in permitted construction areas. In price, overall prices increased, particularly in condominium and land which increased by 16.0 % and 11.7 %

Activity has been particularly strong at the high end of the market, with record prices achieved for both condominiums and land. But the low- and middle-income property markets have started to show signs of stress due primarily to high levels of household debt and low commodity prices.

The overall Thai economy is growing at a slow pace due to both domestic and international factors. The government is continually revising downwards its estimates of economic growth in 2015, from an initial high of 3-4% to around 2-2.5% today, while consumer confidence continues to weaken. Nevertheless, domestic liquidity remains reasonably high, and many of the country’s key economic indicators (including its current accounts, international reserves and even export performance) are doing better than many peer nations in the region.

Regardless of the political unrest Thailand’s charm remains to attract a record amount of tourists and foreign investors.