SCB EIC forecasts the Thai property market to stay flat or grow only slightly in 2026–2027, with slow recovery. Household debt, tighter bank lending, and high prices are holding back middle- and lower-income buyers, while high-end demand is also slowing. Used homes are gaining share because they are cheaper than new ones, and units priced up to 7 million baht qualify for reduced transfer and mortgage fees. Unsold stock in Bangkok and vicinity is expected to fall in the short term, mainly for condos and townhouses, but detached houses remain weak. Floods since late September 2026 may slow stock clearance in the east and north of Bangkok. For SMEs in construction, materials, interior, or property services, plan for slow demand and favour the lower-priced segments.