Flood Risks Reshape Thai Real Estate Market Dynamics and Buyer Behavior

Key summary

Cushman & Wakefield Thailand assesses that recent severe flooding in Bangkok and surrounding areas marks a turning point for the local real estate market, driving long-term shifts in buyer preferences toward flood-risk assessment. While land prices in high-risk zones may not drop uniformly, price differentials are expected between vulnerable properties and those with robust risk management systems. The luxury segment is increasingly driven by High-Net-Worth Individuals (HNWIs) rather than credit-dependent buyers, with Phuket emerging as a key asset diversification destination for Bangkok-based HNWIs. Despite economic headwinds and high inventory levels in Bangkok's condominium market, new supply remains strong in Q3 2026, with developers focusing on established MRT lines and completed projects.