A significant portion of foreign buyers of condominiums and houses in Thailand come from Asian countries: China, Hong Kong, Taiwan, Myanmar, Singapore and Japan. They prefer the center of Bangkok and its business districts.
Last year, overseas buyers bought 11% of all residential properties in Thailand. The majority of purchases were made by Chinese citizens. They typically purchase luxury 1-2 bedroom condominiums and 4 bedroom houses. The cost of such objects varies between 0.9-3 million US dollars.
The increase in demand for luxury real estate is associated with the lifting of restrictions in force during the pandemic, as well as with geopolitics, which stimulates the movement of large flows of foreign citizens.