Real Estate Information Center Revealing the total number of condo transfers to foreigners in the first 9 months of 2023, signaling a recovery in the number of transfers increasing in value. China's 52 billion is the champion in transferring over 24.7 billion, 2nd place Russia

Real Estate Information Center (REIC), Government Housing Bank Report on the situation of transfer of ownership of condominium units by foreigners in the third quarter of 2023 found that there were 3,365 units of condominium ownership transfer by foreigners worth 17,048 million baht, accounting for 11.6% and 21.1% of all condominium ownership transfers, respectively. Expansion in terms of number of units increased by 0.4%, but in terms of value decreased -2.0%.

In the overall picture of the first 9 months of 2023, there were 10,703 units and value of condominium ownership transfers for foreigners, worth 52,259 million baht, accounting for 13.6% and 23.3% of all condominium ownership transfers, respectively, with expansion in terms of the number of units. and value increased 37.6% and 31.6%, respectively.

The first 9 months of 2023 found that the first 5 transferees of ownership

Number 1 is that Chinese nationals still purchase the most condominium units, amounting to 4,991 units worth 24,740 million baht, with an average area size of 39.2 sq m/unit and an average price of 5.0 million baht/unit.

Number 2 is Russia, with 962 units worth 3,436 million baht, with an average purchasing area of 42.6 sq m/unit and an average price of 3.6 million baht/unit.

Number 3 is the United States, with 422 units worth 2,102 million baht, with an average purchasing area of 55.5 sq m/unit and an average price of 5.0.

Number 4 is Taiwan, with 378 units worth 1,841 million baht, with an average purchasing area of 40.1 sq m/unit and an average price of 4.9 million baht/unit.

Number 5 is the United Kingdom, with 372 units worth 1,813 million baht, with an average purchasing area of 56.7 sq m/unit and an average price of 4.9 million baht/unit.

In addition, it was found that Burmese recipients of condominium units were 7th in number, with 347 units, but had the 3rd highest value, valued at 2,250 million baht, with an average purchase area size of 51.4 sq m/unit and an average price. 6.5 million baht/unit

In this regard, the provinces that have the most condominium purchases by foreigners are: Bangkok and surrounding areas, Chonburi, Chiang Mai, Phuket, Prachuap Khiri Khan (Hua Hin) and Rayong.

It reflects that foreigners are still interested in buying real estate in Thailand. Apartments are still in demand among foreigners. As can be seen that The number of units and value of ownership transfers in the past three quarters were higher than before COVID-19. and the proportion of condo ownership transfers increased to 11.6% and 21.1% of the total.

while in the previous period The proportion of ownership transfer units is not more than 10% and the ownership transfer value is not more than 15% of the total only. Therefore, if tourism fully recovers It is believed that the condominium market will receive even more attention from foreigners.

Source:https://www.bangkokbiznews.com/property/1098739

at 14/11/2023