Chinese Investors Main Foreign Buyers of Condominiums in Thailand 2024
Chinese Investors Main Foreign Buyers of Condominiums in Thailand 2024 Key insights: Chinese buyers dominate the market with almost 50% share of total transactions Chonburi overtakes Bangkok as the leading sales destination Chinese and Russian buyers have emerged as the leading foreign purchasers of condominiums in Thailand this year, driving a substantial uptick in sales in coveted tourist hotspots like Bangkok, Pattaya, and Phuket. Key insights The transfer of condominiums to foreigners in Thailand saw a modest rise in the fourth quarter of last yea, signaling a gradual resurgence of foreign buyers. Leading the pack are Chinese nationals, followed closely by Russians and Americans, in terms of condominium purchases in Thailand. Chinese buyers dominate market with almost 50% share of total transactions Chinese buyers dominated the market, comprising around 5,000 units, almost 50% of all transactions, and totaling almost 25 billion baht in value. Trailing behind were Russian buyers wit...