Foreign buyers are back in Thailand’s property market

Foreign buyers are expected to drive growth in Thailand’s property market in the second half of this year.

Key Takeaways

• Foreign buyers are driving growth in Thailand’s property market, while domestic buyers are still facing challenges due to unfavorable factors.
• The number of condominium transfers by foreigners in Thailand has significantly increased, reflecting a positive recovery trend in the real estate market.
• The value of property units in Thailand is expected to increase in 2023, with foreign buyers predicted to account for a significant portion of total units sold.

The country has seen improvements in its economy thanks to foreign purchasing power and the reopening of China, but domestic buyers have not fully regained their purchasing power due to factors such as rising interest rates, inflation, and political uncertainties.

The number of condominium transfers by foreigners…