The Naked Guru - Thailand 🇹🇭

Thailand’s Property Collapse… The Cracks Are Starting to Show

There are growing concerns about Thailand's property market, with reports of developers facing financial difficulties, unfinished condo projects, and buildings with high vacancy rates. Despite these issues, property prices in many areas remain high. This report investigates the situation in Pattaya, a major Thai property market, by speaking with local estate agents. Pattaya appears busy on the surface, with tourists, open businesses, and ongoing construction. However, signs of a struggling market are evident, including unfinished developments and half-empty buildings, some of which seem frozen in time. The key question is whether these are isolated incidents or indicators of a broader market downturn.