# REIC: Thai housing transfers rose up to ฿7.5m in H1 2026 but fell above it > Nationwide home transfers grew in every price band up to ฿7.5m in the first half of 2026 and fell in both bands above it, the Real Estate Information Center reported on 30 September. Condo building permits also dropped by half in Q2, after a Q1 that doubled. Thailand's housing market grew in the first half of 2026, but only in the cheaper bands. Transfers rose in every price band up to ฿7.5 million and fell in the two bands above it. This is in the national Q2 and H1 2026 housing report that the Real Estate Information Center (REIC) of the Government Housing Bank published on 30 September 2026. The report has no Phuket line and no provincial split by price band. It is still the clearest official view of which part of the market is moving. ## Growth stops at ฿7.5 million All of the net growth came from homes up to ฿7.5 million. REIC counts 161,742 transfers in that range for January to June 2026, up 18.9% year on year, worth ฿335,856 million (+17.2%). Above ฿7.5 million, transfers fell to 5,923 units from 6,587 (−10.1%), and value fell to ฿93,983 million from ฿105,122 million (−10.6%). By that arithmetic, homes above ฿7.5 million were 3.5% of H1 transfers by units, against 4.6% a year earlier, and 21.9% of transfer value, against 26.8%. ```chart type: comparison title: "H1 2026 housing transfers by price band, change on H1 2025" columns: ["Units", "Value"] rows: - metric: "Up to ฿1m" values: ["+21.4%", "+20.2%"] - metric: "฿1.01–2m" values: ["+17.8%", "+18.2%"] - metric: "฿2.01–3m" values: ["+21.1%", "+21.3%"] - metric: "฿3.01–5m" values: ["+17.6%", "+17.2%"] - metric: "฿5.01–7.5m" values: ["+8.1%", "+8.0%"] - metric: "฿7.51–10m" values: ["−12.2%", "−12.6%"] - metric: "Above ฿10m" values: ["−8.6%", "−10.0%"] source: "REIC national housing market report, Q2 and H1 2026, published 30 September 2026" ``` The fall above ฿7.5 million is mostly in landed homes. Houses above that price fell to 4,111 transfers from 4,869 (−15.6%). Condos above ฿7.5 million rose to 1,812 from 1,718 (+5.5%). Condos fell only in the ฿7.51–10 million band (units −0.6%, value −2.1%), and rose above ฿10 million (+9.8% in units, +9.0% in value). The totals for the half, as REIC states them: - Transfers: 167,665 units (+17.6%), value ฿429,839 million (+9.8%) - Landed homes: 111,624 units (+14.6%), value ฿299,431 million (+6.1%) - Condos: 56,041 units (+24.1%), value ฿130,408 million (+19.3%) - Q2 alone: 95,082 units (+22.9%), value ฿242,657 million (+15.5%) - New personal housing loans: ฿289,315 million (+12.2%); Q2 ฿167,758 million (+18.4%) In August REIC linked the half-year rise to the transfer-fee cut and to loan-to-value relief, as in [our 2 September report on H1 transfers](/news/thailand-h1-2026-housing-transfers). The 30 September report gives no cause for the split by price band. ## Phuket's average asking price sits in the band that fell Phuket's average listed resale unit asked ฿9.3 million at the end of Q2 2026, up from ฿8.5 million a year earlier, according to REIC's second-hand housing report of 8 September. That is an asking price, not a sale price. It sits above ฿7.5 million, where national transfers fell. In the same report REIC calls Phuket the province "starting to show signs of slowdown" (จังหวัดที่เริ่มมีการชะลอตัว คือ จังหวัดภูเก็ต). Its second-hand transfers grew 4.8% in units and 6.3% in value, the lowest growth among the top ten provinces. Separately, on 30 June 2026 the Cabinet extended the cut in the transfer fee (normally 2%) and the mortgage-registration fee (normally 1%) to 0.01% until 30 June 2027, Thai PBS and Post Today reported. It applies only where the sale price and the assessed value are both ฿7 million or less, with a mortgage of no more than ฿7 million per contract. Thai PBS, citing the government spokesperson, also says the buyer must be a Thai national buying a home to live in. The cap sits just below the band where national growth turns negative. REIC does not say whether the two are connected. For what a foreign buyer actually pays on transfer, see [[property-transfer-fees-thailand]]. ## Condo permits halved in Q2, after a Q1 that doubled REIC counts 7,649 condo construction permits nationwide in Q2 2026, down 54.5% from a Q2 2025 that was itself 20.0% above a year earlier. Landed-home permits rose 13.7% to 54,713. But Q1 condo permits had more than doubled (+105.1%), so over the half condo permits are only 3.8% lower, at 23,716. One quarter is not yet a trend. ```chart type: trend title: "Condo construction permits nationwide, units per quarter" unit: units hue: sky data: "Q1 2025": 7833 "Q2 2025": 16823 "Q3 2025": 13942 "Q4 2025": 17284 "Q1 2026": 16067 "Q2 2026": 7649 source: "REIC national housing market report, Q2 and H1 2026, published 30 September 2026 (2025 revised, 2026 estimates)" ``` Total residential permits for the half rose 10.6% to 134,220 units. Land-allotment permits for housing estates fell 39.7% to 12,141. In the southern region, which includes Phuket but does not break it out, construction permits rose 14.1% to 26,695 in H1, with landed homes up 15.2% and condos up 9.9%. ## What the report does not tell a Phuket buyer REIC gives no Phuket transfers by price band and no Phuket permit figures, so how the island's sales split across price bands is not known. REIC does not say why transfers above ฿7.5 million fell, or whether the ฿7 million fee-cut cap plays a part. The Thai-national condition on the fee cut rests on Thai PBS's report of the spokesperson's statement. The 2026 permit figures are REIC estimates and the 2025 figures are revised. Buyers comparing a new condo with a resale villa can read [[off-plan-vs-resale-thailand]], [[buying-condo-thailand-foreigner]] and the [[phuket-buying-guide]].