Property

Why Gen Z and Millennials Are Choosing to Rent Over Buying Homes in Thailand

A Shift in Thailand's Real Estate Market

A recent survey by LWS Wisdom and Solutions shows that over 66% of Gen Z and Gen Y prefer renting over buying homes, signaling a significant change in Thailand's property market.

Key Factors Driving the Trend

Flexibility over stability: Younger generations value the adaptability renting offers, especially with dynamic lifestyles and career moves.

Economic uncertainty: Rising living costs and fluctuating incomes make renting a more attractive option for financial flexibility.

Diverse investment choices: With options like stocks and cryptocurrencies, younger individuals are looking for quicker returns than property can offer.

Younger generations prefer renting property, driving 4–9% yields

Investment Opportunities Emerging

The 'buy-to-let' model is gaining traction, with rental investments offering annual returns of 4–9%. Developers are introducing flexible solutions to cater to this growing demand.