Property market on course for further stagnationListen to this articleMs Kessara says property developers must be able to adapt. When it is weak, they still want homes but are reluctant to take on debt," said Ms Kessara. Developers are among the first to see household debt problems, as reflected in customer profiles, with credit card debt being a major constraint on purchasing power. Even aggressive discounts of 10% often fail to help if household debt issues remain unresolved, she said, noting that developers only see part of a buyer's liabilities. "Household debt remains a key issue to watch in 2026 as effective government measures could improve mortgage approval rates and unlock pent-up demand," Ms Kessara added.

Source: Bangkok Post January 04, 2026 23:10 UTC