Pattaya-Real-Estate

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...

  Rental yields are moderately good Rental yields in Bangkok are moderately good, at an average of 5.79% in Q4 2023, slightly down from 6.07% in Q2 2023, based on Global Property Guide research conducted in December 2023. Just like in most countries, smaller apartments in Thailand also earn higher rental yields than bigger apartments. Yields have risen at the luxury end of the market, though since the COVID-19 pandemic, they have fallen for the very large sizes, such as 250 sq. m. In Q4 2023: In  Bangkok , gross rental yields for apartments ranged from as low as 2.19% to as high as 9.52%, depending on location and property size. The city's average yield stood at 4.88%. In  Pattaya , apartments earn rental yields between 3.24% and 10.04%, with a city average of 6.25%. In  Phuket , apartments earn gross rental yields of around 5.45% to 6.45%, with a city average of 5.87%. In  Nonthaburi , rental yields ranged from 5.6% to 7.41%, with a city average of 6.25%. ...