Thailand's commercial banks dramatically increased second-hand home foreclosure sales by 122.9% YoY in Q2 2026, with cumulative sales value up 86.5%. This signals rising non-performing loans (NPL) as household purchasing power remains weak. Analysts flag the middle-income segment (50,000–70,000 baht/month) as showing warning signs of debt stress. Banks are aggressively offloading inventory to reduce costs, while the secondary housing market—now 70.8% driven by individual sellers—has become a key economic indicator. For SMEs in real estate and finance, this suggests tightening credit conditions ahead.