FRIDAY, February 23, 2024
nationthailand

Despite declining sales, Bangkok is still the top market for second-hand houses

Despite declining sales, Bangkok is still the top market for second-hand houses

Bangkok remained the largest market in Thailand for second-hand houses in the third quarter, with sales revenue exceeding 600 billion baht, or 62.9% of national total, despite a decline in the number of units sold from the second quarter, according to the Government Housing Bank’s Real Estate Information Centre.

The centre said on Saturday that 59,181 second-hand houses – detached and townhouse units – were sold in Bangkok during the third quarter, down from 63,363 units in the preceding three months. Total sales value was 605.58 billion baht, down from 620.19 billion baht in the second quarter, the centre said.

As a result, the capital remains the largest market for second-hand houses in Thailand. It accounts for 36.6% of national sales by units sold and 62.9% of sales revenue

Nonthaburi was the second-largest market in the third quarter, with 11,255 units sold, followed by Samut Prakan (10,411), Pathum Thani (9,905), Chonburi (8,431), Chiang Mai (4,880), and Phuket (3,352).

The centre said the three major markets that saw the biggest declines in the sales revenue of houses sold in the third quarter were Phuket, down 14.1% from the second quarter, Chiang Mai, down 9.7% from the second quarter, and Chonburi, down 7.2% from the second quarter.

Nationwide, the centre said sales of second-hand houses fell 8.7% in the third quarter from the second quarter. It said downward momentum would continue in the final quarter of this year. The centre bases its numbers on data aggregated from banks, asset management companies and online real-estate portals.

Despite declining sales, Bangkok is still the top market for second-hand houses

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