Thai condos are still in need amongst foreign purchasers. They are being bought as 2nd homes in Thailand, in addition to financial investments. The biggest foreign buyers of condos in Thailand have actually been Chinese and Russians, with sales skyrocketing in popular traveler locations like Bangkok, Pattaya, and Phuket.
Sales rose 38% to 10,703 systems, amounting to 52.3 billion baht ($ 1.5 billion) in the very first 9 months of 2023.
Chonburi (Pattaya), Bangkok, and Phuket are chosen as perfect places by immigrants.
Chinese purchasers got 4,991 systems, or nearly 47% of the overall deals, valued at 24.7 billion baht. Russians ranked a remote 2nd at 962 systems, followed by United States and Taiwanese purchasers in the 3rd and 4th areas, respectively. ( NNT)
