The content of the article
- Russia retains its position in the top three
- Preferences of foreign investors
- The goals of Russians when buying real estate in Thailand in 2024
- Geography of Russian demand for real estate in Thailand
- Factors of high demand for real estate in Thailand
According to the latest data from REIC (Real Estate Information Center), in the first quarter of 2024, relatively In the first quarter of 2023, the number of transactions with citizens of Myanmar (415.79%) and Taiwan (52.13%) increased significantly in Thailand. There is also a trend towards an increase in the number of transactions with citizens of Australia (16.90%) and Germany (15.27%).
Russia retains its position in the top three
The top three leaders in real estate investments in Thailand in the first quarter of 2024 still include China and Russia, as well as Myanmar, which is rapidly increasing its investment potential. After the surge in demand for the purchase of real estate in Thailand in the first quarter of 2023, there is a slight decrease in the number of transactions with Chinese citizens and Russia in the same period of 2024, however, the total volume of transactions is still the vast majority.
Real estate purchases in Thailand, Q1 2024 to Q1 2023 and 2022
|
I quarter 2024 |
I quarter 2023 |
Dynamics of Iq. 24 / Iq. 23 |
Dynamics of Iq. 24 / Iq. 22 |
||
|
1 |
China |
1596 |
1747 |
—8,64% |
68% |
|
2 |
Myanmar |
392 |
76 |
415,79% |
|
|
3 |
Russia |
295 |
387 |
—23,77% |
120% |
|
4 |
USA |
164 |
156 |
5,13% |
44% |
|
5 |
Germany |
151 |
131 |
15,27% |
86% |
|
6 |
Taiwan |
143 |
94 |
52,13% |
170% |
|
7 |
France |
129 |
130 |
—0,77% |
68% |
|
8 |
Great Britain |
108 |
146 |
—26,03% |
15% |
|
9 |
Australia |
83 |
71 |
16,90% |
144% |
|
10 |
Singapore |
57 |
|
Nationality of the buyer |
The average cost of an apartment, $ |
Average area, sq.m |
Share by number of apartments, % |
|
|
1 |
China |
131 879 |
39,6 |
40,5 |
|
2 |
Myanmar |
157 132 |
43,9 |
10,0 |
|
3 |
Russia |
86 984 |
39,2 |
7,5 |
|
4 |
USA |
157 132 |
60,3 |
4,2 |
|
5 |
Germany |
89 790 |
43,7 |
3,8 |
|
6 |
Taiwan |
134 685 |
34,4 |
3,6 |
|
7 |
France |
120 655 |
49,9 |
3,3 |
|
8 |
Great Britain |
95 402 |
49,4 |
2,7 |
|
9 |
Australia |
95 402 |
50,6 |
2,1 |
|
10 |
Singapore |
165 550 |
48,8 |
1,4 |
|
Other countries |
126 267 |
49,9 |
20,8 |
|
The purpose of the purchase |
2023 |
2024 |
I quarter 2024 / I quarter 2023 |
|
I sq. |
I sq. |
||
|
For a future move |
19,2% |
14,2% |
—26,4% |
|
For recreation |
7,7% |
9,4% |
22,6% |
|
For recreation and rental |
55,8% |
65,1% |
16,7% |
|
For resale |
3,8% |
4,7% |
22,6% |
|
To obtain a residence permit/citizenship |
5,8% |
3,8% |
—34,6% |
|
For rental and future relocation |
7,7% |
1,9% |
—75,5% |
|
For children’s studies |
0,0% |
0,9% |
|
Region |
The region’s share of applications, % |
The median budget, $ |
|
Phuket |
68% |
150 778 |
|
Pattaya |
15% |
112 582 |
|
Koh Samui |
10% |
202 580 |
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