Thai condo market slows down amid withdrawal of Chinese and Russian investments
Condominium sales in Bangkok are slowing down due to a decline in foreign buyers, particularly from China and Russia.
The Thai condominium market is experiencing a significant slowdown due to the withdrawal of Chinese and Russian capital.
Key takeaways
- The Thai condominium market is slowing down due to reduced investments from Chinese and Russian buyers.
- Condominium sales to foreigners dropped by 6% in Q2 2024, with the total sales value decreasing by 18%.
- The Thai government is considering measures to revitalize the real estate market including easing property ownership restrictions for foreigners.
In recent years, Chinese and Russian investors have dominated the condominium market in Thailand, particularly in cities like Bangkok and Pattaya.
