Property in Thailand
Thailand. Supplemental information
Thailand. General information about the market
Thailand (or Thailand) is the locomotive of the foreign real estate market in Southeast Asia. Such popularity is provided by the amazing beauty of the local nature, a stable economy, low cost of living in combination with a developed infrastructure.
The coronavirus pandemic has seriously hit the local housing market, collapsing demand from foreign buyers. But then the situation stabilized and, starting in 2022, Thailand, on the contrary, became the center of attraction for foreign investors and so-called "digital nomads" looking for a "safe haven" in conditions of international instability.
Among the areas that are most popular with foreigners for buying real estate are Pattaya (541) and Phuket Island (1436), which account for the most requests. Housing in Hua Hin, Koh Samui and Bangkok, the capital of Thailand, are also in demand.
Buying real estate in Thailand involves certain difficulties due to the fact that foreigners are prohibited from owning land in the country. Therefore, apartments are in the greatest demand among foreigners. At the same time, buying a villa in the country is also possible by registering the property for a long-term lease with the right to extend.