The report titled “Thailand Property Classifieds Market Outlook to 2026F– Driven by Interest from Foreign Buyers along with Exponential growth of smartphone penetration” provides a comprehensive analysis of the potential of Property Classified industry in Thailand. The report covers various aspects including the current real estate scenario and rental rates in Thailand, revenue generated from Thailand Property Classified market, its segmentations viz Business Model(Listings and Classifieds and Aggregators and Co-Living) and By Region (Bangkok, Pattaya, Phuket), revenue models, major trends and development, issues and challenges, technological advancements and competition analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
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Overview of Thailand Property Classified Market
Thailand,
with a population of 66.2 Mn in 2021 and being the 2nd Largest Economy in
Southeast Asia region, Thailand Real Estate is experiencing a digital wave
sweeping across its value chain, disrupting how buyers and sellers interact
with one another. Consumers are not just bound to explore the buying/ renting
options through digital platforms but are interested in other residential
services as well. Overall, there is an
increased interest in using online platforms to buy/rent a home. Additionally,
the current pandemic has presented consumers as well as developers with a
unique opportunity to put their trust in digital platforms. Thailand is the
emerging market for Property Classified in ASEAN growing at CAGR of 21.7%
during 2015-2021. Most full-stack Property Classified players in Thailand have
remained focused on the low rise residential property segment considering the
burgeoning housing shortage, rapid urbanization and urban migration trends. A
number of developers are offering extended payment terms, lighter down payment
schemes, and waived reservation fees with a limited time offers, which
financially prepared buyers should take advantage of. However, the industry is
highly vulnerable to fraud due to its complex nature, reliance on technology,
and interaction between stakeholders and third parties.
Thailand Property Classified Market
Segmentation
By Business Model: Revenue Via Listings and Classifieds
generated highest revenue due to increased user base. A growing millennial
workforce, fast evolving consumer trends and untapped demand potential in the
market are real draw cards for start-ups and developers looking to enter the
Aggregators and Co-Living market.
By RegCityion: The Bangkok City dominates the Thailand
market due to an anemic demand for residential projects, growing urban
population, tourism and increasing investment from foreign buyers.
Thailand Property Classified Market
Competition:
The
market is moderately fragmented for listings and classifieds companies with
major players including Property Hub, TerraBkk, FazWaz, Baania, ZmyHome, DD
Property, etc. The market is highly concentrated market for aggregators &
co-living companies with top players namely Scout, Phuket Rent House and Rent
Hub holding more than 70% market share in terms of revenue. Players are
competing on the basis of Commission Charged, Number of Listings, Locations
Covered, Detailed Comparisons, User Interface & Technology and Value Added
Services. Factors such as expensive rentals, fixed one- to two-year tenancy
contracts and the hassle of dealing with intermediaries, have driven the growth
of co-living concepts in Thailand.
Thailand Property Classified Market
Future Outlook and Projections
Thailand
Property Classified Market is expected to grow at a massive rate of 21.0% CAGR during
2021-2026F providing a lucrative opportunity for Property Classified investors.
Technology has been increasingly becoming an attractive asset for landlords,
potential real estate investors and tenants looking for an efficient and secure
opportunity in the Commercial Real Estate segment (CRE). This presents a
lucrative opportunity for Property Classified investors to witness high returns
on their investment. The real estate digital classifieds space is still in the
early stages of growth and the listings are dominated by builders and
brokers. Further, with newer technology
based services such as 360 degree view, listing convenience, subscription
management etc., and the focus is likely to be on educating individual users.
Therefore, the advertisements are more likely to be focused on the individuals
on both the buying and selling side, which could help reduce the resistance of
online real estate tractions by individual users.
Key Segments Covered in Thailand
Property Classified Market:
By Business Model
Listings
and Classifieds
Aggregators
and Co-Living
By Region
Bangkok
Phuket
Pattaya
Others
Key Target Audience
Property
Classified Companies
Real
Estate Developers
Brokers
Property
Consultants
Industry
Experts
Time Period Captured in the Report:
Historical Period: 2015-2021
Forecast Period: 2021P-2026F
Companies Covered:
Listings and Classifieds
Property
hub
Terra
BKK
FazWaz
ZmyHome
Baania
Findyourspace
DD
Property
Lazudi
Nayoo
PrakardProperty
Thai
hometown
PBRE
Real estate
Dot
property
Aggregators and Co-Living
Property
scout
Phuket
Rent House
Rent
Hub
Nornn
Key Topics Covered in the Report
Overview
of Thailand Property Classified Market
Ecosystem
of Major Entities in Thailand Property Classified Market
Business
Cycle and Genesis of Thailand Property Classified Market
Thailand
Property Classified Market Size, 2015-2021
Thailand
Property Classified Market Segmentations
Competition
Analysis: Market Share of Major Listings and Classifieds and Major Aggregators
& Co-Living Companies
SWOT
Analysis in Thailand Property Classified Market
Revenue
Models in Thailand Property Classified Industry
Growth
Drivers and Restraints in Thailand Property Classified Market
Technological
Advancements in Thailand Property Classified Market
Impact
of COVID19 in Thailand Property Classified Market
Key
Trends in Thailand Property Classified Market
Outlook
and Future Projections for Thailand Property Classified Market
Future
Market Segmentation by Business Model and Revenue Sources
Recommendations
/ Success Factors
Research
Methodology
Appendix
For More Information on the Research
Report, refer to below links: -
Thailand
Property Classifieds Market
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