Bangkok: Second-hand homes have emerged as a dominant force in the real estate market, accounting for 66% of the market share in 2025. Buyers are increasingly turning to these properties due to their affordability. The trend of “flipping,” where investors renovate and resell homes for profit, is experiencing significant growth.

According to Thai News Agency, the resale housing market is thriving, overtaking new housing developments. This shift is attributed to the economic slowdown and high construction costs, prompting consumers to opt for more affordable housing options. The Real Estate Information Center (REIC) reported that in the first eight months of 2025, 66% of the second-hand home market was transferred. This reflects the growing popularity of these homes, especially those priced below 3 million baht. The government has facilitated this trend by reducing transfer and mortgage registration fees to a mere 0.01%.

Experts indicate that the popularity of “flipping” is driven by the lower costs associated with second-hand homes and the variety of available locations, particularly in urban areas where land is limited. Real estate platforms emphasize the benefits of second-hand homes, such as negotiable prices, the ability to see the property’s actual condition before purchase, ease of renovation, and high resale value. These factors make second-hand homes attractive to both serious homebuyers and investors seeking quick returns.

For those considering purchasing a second-hand home, experts advise following five essential techniques: checking the history and reason for selling, thoroughly inspecting the home’s condition, verifying the accuracy of ownership documents, clearing outstanding debts with juristic persons, and securing a detailed sales contract. With careful planning, resale homes can offer a valuable investment opportunity in a market where new housing is slowly recovering.