Thailand's real estate market faces its toughest slowdown in nearly 30 years, with over 400,000 unsold condos. Rising interest rates and high debt are major factors holding back recovery. The Nation

Thailand's real estate market faces its toughest slowdown in nearly 30 years, with over 400,000 unsold condos. Rising interest rates and high debt are major factors holding back recovery.
While the mass market struggles, some high-end properties and regions like Phuket, Pattaya, and Sriracha are showing signs of life, driven by foreign investment and strong demand. The market is expected to remain challenging in the near term, with developers taking a cautious approach to new projects.

Read more: https://www.nationthailand.com/business/property/40061239