Email

info@propertypartners.pro

TH: +66 (0) 91 821 5557

Compare Listings

Chinese are becoming investors first, tourists second in Thailand

Chinese demand for real estate in Thailand is at an apogee, but the Beijing government’s drive to control capital flight could hinder such demand, according to a new report by Financial Times Confidential Research (FTCR).

Surveying 108 investors, FTCR found that Chinese buyers, mostly only “moderately wealthy” and put off by skyrocketing values in the mainland, are scouring the kingdom for residential properties. Buyers from China now account for 10 to 20 percent of total sales in the tourist hubs of Chiang Mai, Pattaya, and Phuket, and 5 percent of those in Bangkok.

However, such foreign demand is likely to recede soon. “The immediate outlook for Chinese investment flows into Thailand is negative,” FTCR stated in its report.

“In this new climate, we expect investors to delay plans to purchase more Thai real estate, at least until the dust settles, if not until the Chinese government loosens up again.”

Thailand is now the fifth most popular destination for real estate investment by the Chinese, FTCR pointed out. In 2010, almost no Chinese were buying homes in Thailand.

That year, Chinese tourist arrivals in the country topped 1.22 million, according to the Thai Immigration Bureau.

Read more

img

Sivana Dee

Whether you are a first time buyer or looking to expand your investment portfolio, we are here to service your every need. Allow LS-Invest.ASIA to assist you in creating your new “LifeStyle”. The right time is now to look no further than LS-Invest.ASIA Based in Phuket, our mission is to introduce a fresh outlook on luxury property investment in Thailand with a uniquely international perspective

Related posts

Super-Premium Property Market In Strong Health – Six Senses Residences The Forestias Snapped Up With 78% Sold

Combination Of Global Brand Concept With Premium Location Pushes Sales Over Bht 4,700...

Continue reading about Super-Premium Property Market In Strong Health – Six Senses Residences The Forestias Snapped Up With 78% Sold
Sivana Dee
by Sivana Dee

Active Industrial & Logistics Market, Rental Rates Increased

Investor Sentiment Around The Thai Industrial Market Is Rebounding After The COVID-19 Pandemic,...

Continue reading about Active Industrial & Logistics Market, Rental Rates Increased
Sivana Dee
by Sivana Dee

Thai Property Market Goes Green As More Developers Go For Solar Roofs

With Surging Crude Oil Prices Pushing Up Power Bills, Several Key Property Developers Have Started...

Continue reading about Thai Property Market Goes Green As More Developers Go For Solar Roofs
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting Pro Property Partners! My name is Sanne, how may I help you today?

× How can I help you?