Property demand in Greater Bangkok climbed sharply during the first quarter of 2025. The housing purchase confidence index (HPCI) reached 51.7, moving above the neutral mark of 50 for the first time since records began in late 2023. This figure rose by 12.5 points from the previous year and by 8.8 points from the last quarter of 2024.
Interest rate reductions and relaxed loan-to-value (LTV) rules played a key role. The Bank of Thailand lowered its policy rate from 2.25% to 2.00% on 26 February, making mortgages more affordable. Financial institutions introduced low-interest home loans early in the year. The central bank announced a temporary LTV relaxation, effective from 1 May 2025 to 30 June 2026, which further encouraged buyers.
Surveys showed that 61.1% of respondents planned to purchase a home within a year, up from 50.8% the previous year. The survey included adults over 18, both online and at housing expos. Most respondents were women (62.1%), aged 25–34 (47.4%), held a bachelor’s degree (66.4%), and worked in the private sector (61.6%). About one-third reported monthly earnings between 30,001 and 50,000 baht.
The main reason for buying property was for personal residence (30.5%). Other reasons included asset acquisition (15.2%) and improved travel convenience (12.6%). Investment demand dropped to 10.3%, down from 18.4% the previous year.
Interest shifted towards new homes, with 46% expressing intent to buy only new properties, up from 38.9%. Preference for secondhand homes fell to 4.3%, compared to 8.3% a year earlier.
Single detached houses remained the top choice, accounting for 41.2% of demand, especially in the 3.01–5 million baht price range. Condominiums and townhouses followed. Most buyers (83.2%) sought homes under 5 million baht, with the 2.01–3 million baht bracket most popular at 25.1%.
Non-provincial Bangkok city areas attracted 59.9% of demand, particularly locations with easy access to workplaces such as Bang Na, Bang Kapi, and Lat Phrao. Younger generations, especially Gen Y and Z, continued to drive the market. Interest in condominiums declined across all age groups except those aged 55 and above, who showed a preference for condo investment.
The data indicated that real demand, led by end-users rather than speculators, is shaping the housing market’s direction throughout 2025.
