Thailand Foreign Condominium Market: 2025

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According to a recent report by the Real Estate Information Center (REIC) under the Government Housing Bank (GHB), the number of condominium ownership transfers to foreign buyers across Thailand increased in Q3 2025, while the overall transaction value declined compared to the previous year.

  1. China
  • Property Market Summary
  • Highest volume purchased: 3,715 units
  • Total value: 14,081 million THB
  • Average price: 3.8 million THB/unit
  • However, YoY (Year-on-Year) growth is negative, indicating a decrease in purchases compared to last year.
2. Burma
  • Volume: 1,489 units
  • Value: 4,483 million THB
  • Average Price: 3.0 million THB
  • Volume surged significantly (+42%), but total value declined. This implies: “Higher volume of purchases, but at lower price points.”
3. Taiwan
  • Volume: 754 units
  • Value: 3,474 million THB
  • Average Price: 4.6 million THB
  • Strong growth in both volume and value. Purchasing power remains quite robust.
4. Russia
  • Volume: 822 units
  • Value: 3,240 million THB
  • Average Price: 3.9 million THB
  • Slight increase. It remains a core market for Pattaya.
5. United States
  • Volume: 413 units
  • Value: 2,083 million THB
  • Average Price: 5.0 million THB
  • High average unit price. This is a high-end buyer group.
6. France
  • Volume: 491 units
  • Value: 1,922 million THB
  • Average Price: 3.9 million THB
  • Solid growth in volume.
7. United Kingdom
  • Volume: 351 units
  • Value: 1,648 million THB
  • Average Price: 4.7 million THB
  • Total value surged significantly (+37%). Customers are buying more expensive units.
8. Germany
  • Volume: 327 units
  • Value: 1,359 million THB
  • Average Price: 4.2 million THB
  • Relatively stable.
9. India
  • Volume: 165 units
  • Value: 1,143 million THB
  • Highest Average Price: 6.9 million THB
  • Despite the low volume, “spending is extremely high.” This is a high-purchasing-power market.
10. Singapore
  • Volume: 198 units
  • Value: 975 million THB
  • Average Price: 4.9 million THB
  • Purchasing high-priced units, but in low volume.

Chinese buyers remain the largest group in both transaction volume and value, although their purchasing activity has slightly decreased from last year. Interestingly, Indian buyers recorded the highest average price per unit, reflecting a trend of purchasing condominiums for actual residential use, particularly for larger families.

However, during the first nine months of 2025 (January–September), foreign condo transfers nationwide declined in both unit numbers and total value compared to the same period last year.

This slowdown is mainly due to global and domestic economic uncertainty, which has made buyers more cautious. In particular, Chinese buyers are facing economic challenges and liquidity constraints in their home country, leading many to delay purchasing decisions.

Despite short-term economic pressures, Thailand remains one of the most attractive destinations in Asia for foreign property buyers, particularly in tourism-driven markets such as Pattaya and Phuket, where demand for retirement living, holiday homes, and rental investments continues to grow.