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Thai Real Estate Loans Grow as REIC Reports Refinancing Surge

Thai Real Estate Loans Grow as REIC Reports Refinancing Surge

Thairath•Economy•1h ago

Reader Briefing

REIC reports a divergence between growing housing loans and declining ownership transfers in the third quarter of 2026.

  • •REIC reports that Q3 2026 ownership transfers decreased by 10.1% in units and 9.6% in value.
  • •Housing loans for individuals in Q3 2026 rose by 2.4% to 146,672 million baht, driven by refinancing which exceeds 30% of new loans.
  • •REIC plans to launch a forward-looking real estate index in December 2026 to guide the market.

Overview

  • •Ownership transfers in Q3 2026 totaled 75,860 units (down 10.1%) with a value of 204,372 million baht (down 9.6%).
  • •Mana Nimitanavanich states Q3 2026 transfers slowed because consumers accelerated transfers in Q2 2026 before fee reduction measures expired.
  • •Total ownership transfers for the first 9 months of 2026 grew by 7.3% in units to 243,525 units and 2.7% in value to 634,212 million baht.
  • •New housing loans in Q3 2026 reached 146,672 million baht, but REIC found refinancing accounts for over 30% of new loans.
  • •REIC expects the real estate market in 2027 to enter a balance adjustment phase with transfers decreasing by 1.5% to approximately 320,000 units.
  • •The Ban Khon La Lang PLUS loan project provides a 50,000 million baht credit limit for homes priced under 3 million baht.
  • •REIC is transitioning from a data collector to a market leader and will launch a real estate index in December 2026.
  • •Mana Nimitanavanich describes the upcoming real estate index as a compass that looks forward 6 months to help the Ministry of Finance and Bank of Thailand assess risks.

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Source: Thairath (Original)

Key Quotes

Mana Nimitanavanich
"The market has not entered a crisis."
ตลาดไม่ได้เข้าสู่วิกฤต

Key Entities

Person

Mana Nimitanavanich(ดร.มานะ นิมิตรวานิช)
Director of the Real Estate Information Center (REIC).

Organization

Real Estate Information Center(ศูนย์ข้อมูลอสังหาริมทรัพย์)
An organization established by Cabinet resolution that collects real estate data and is developing a market-leading index.
REICℹ️
The abbreviated name of the Real Estate Information Center.
BOI
An organization providing benefits for investments in AI and semiconductor industries.
Ministry of Finance(กระทรวงการคลัง)ℹ️
A regulatory agency that will use the REIC index to see early warning signs and set policies.
Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️
A regulatory agency that will use the REIC index to assess risk and set policies.

Policy

Ban Khon La Lang PLUS(สินเชื่อบ้านคนละหลัง PLUS)
A loan project with a 50,000 million baht limit for houses priced not exceeding 3 million baht.