Russians and Chinese are the main investors in real estate in Thailand

In 2023, Thailand is experiencing a real boom in real estate, and the main players in the market are Russians and Chinese. In the first nine months of this year, foreign investors purchased as many as 10,703 apartments in this exotic country, which is 38% higher than the same figures of the previous year.

So what attracts Chinese and Russians? Let's look at the numbers. The total value of the objects sold was a staggering 52.3 billion baht (1.5 billion US dollars). The Chinese undoubtedly took a leading position, acquiring almost half (47%) of all objects, which is equal to 4,900 apartments, for a total amount of 24.7 billion baht. The Russians also made themselves felt by making 962 transactions in Thailand.

It is interesting to note that the Top 5 foreign buyers also include residents of the United States, Taiwan and the United Kingdom, which underlines the global attractiveness of the Thai real estate market.

Let's talk about the places where this incredible surge of activity is taking place. More than 40% of all apartments sold are in the province of Chonburi, whose home is the popular resort of Pattaya. Bangkok, the capital of Thailand, did not stand aside, and the share of apartment sales to foreigners in it amounted to 37.5%. And let's not forget about the island of Phuket, which also got into the Top 3 preferences of foreign buyers.

And what about the forecasts? The Prime Minister of Thailand expresses confidence that tourism will become a key factor in the country's economic growth. Already, this sector generates about 12% of GDP, and this is just the beginning.

This surge in interest in Thai real estate highlights its attractiveness to foreign investors. And in the future, we can expect stable growth in both real estate and tourism.

And in conclusion, we will answer a few frequently asked questions:

They are popular among foreign buyers
Answer: Chonburi, Bangkok and Phuket, Pattaya