Real estate information center Revealing the highest number of condominium transfers in the first quarter of 2023, 'China - Russia - America', with the value of transfers of condominium units by foreigners nationwide at 17 billion, an increase of 67%.

An overview of the situation of the transfer of ownership of condominium units by foreigners nationwide in the first quarter of 2023, it was found that both the number of units and their value increased significantly. There were 3,775 foreign ownership transfer units across the country, an increase of 79.2 percent from the same period last year. This is a continuous increase since the second quarter of 2022.

As for the value of ownership transfers of condominium units by foreigners nationwide, the amount was 17,128 million baht, an increase of 67.6 percent from the same period last year. This is a consistently high value from the third quarter of 2022, while the area for transferring ownership of condominiums to foreigners across the country amounted to 168,664 square meters, an increase of 73.8 percent from the same period last year (YoY).

For the nationality of the transferee The Chinese remain the nationality with the highest number of ownership transfers. A total of 1,747 units of condominium units have been transferred to the Chinese, representing a high proportion of 46.3 percent of the total units.

There are 4 nationalities with the second highest ownership transfer, namely Russia, 387 units, accounting for 10.3 percent, followed by the United States, 156 units, accounting for 4.1 percent, United Kingdom, 146 units, accounting for 3.9 percent. 5 is Germany, amounting to 131 units, representing 3.5 percent, respectively.

As for the value of transferring ownership of condominium units across the country to foreigners across the country in the first 3 months of 2023 (January-March), it will be found that ownership of condominium units has been transferred to Chinese nationals. It is the highest value in the amount of 8,191 million baht, representing a high proportion of 47.8 percent of the total value.

The 4 nationalities with the next highest transfer value are Russia in the amount of 1,364 million baht, representing 8.0 percent, followed by the United Kingdom in the amount of 703 million baht, representing 4.1 percent, the United States in the amount of 653 million baht, representing 3.8 percent. and Germany in the amount of 611 million baht, accounting for 3.6 percent, respectively.

However, if you look at the total number of ownership transfer units of the collection between 2018 and 2022, the top 5 are China, Russia, the United States, the United Kingdom and France, but in the first 3 months of 2023, the top 5 has changed from French nationality to German wife. The highest transfer per unit, an average of 6.5 million baht, India, the largest unit transferred, an average of 77.7 square meters.

Source:https://www.bangkokbiznews.com/property/1074503

Date 21/06/2023