Some property remains unsold for years

Bangkok's condo sector
Reading Time: 3 minutes

EXCLUSIVE: There are some houses in Thailand that have remained unsold for many years.

So, news that it takes an average of nineteen property viewings to sell a home in the United Kingdom would be welcome news to some Thailand property owners.

In the United Kingdom, that average number of viewings has risen for eleven to nineteen in just three years, according to research from Quick Move Now, the largest cash home buyers in the country.

Managing Director Danny Luke said: “The UK property market is currently facing some big obstacles. Ongoing political challenges and financial uncertainty mean both buyers and sellers are acting cautiously. This is undoubtedly affecting the market, making it slower and more uncertain.

“If you are concerned about how long it will take to find a buyer for your property, there are several things you can do.

Ensuring you price your property correctly from the start will help it perform competitively against other properties on the market.

If you’re planning to sell on the open market, it is also important to select the right estate agent, with a proven track-record of selling similar properties in your area.

Back to Thailand, and one reason for a slow sale could be simple to solve.

The same real estate agent that revealed houses sitting on the market for years, also told me, somewhat jokingly, that: “Some divorced European male homeowners don’t have a clue how to furnish or decorate a house.”

“Because of this, some may never sell,” he added.

But it’s not all doom and gloom in Thailand, and mostly not the fault of the real estate agent.

Another Bangkok-based real estate agent told ThailandProperty.News: “ Bangkok has hundreds of condos available at any one time.”

“Several real estate agencies may market a particular condo, and despite what many might think ‘exclusive listings are not the norm.”

“This combination of volume and competition means it’s hard to give specific averages for sales times in Bangkok, and in many cases we only manage one viewing before the condo if taken-off the market.”

“This may be because it is sold, rented or simply not for sale anymore.”

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

Be the first to comment

Leave a Reply

Your email address will not be published.