Email

info@ls-invest.asia

TH: +66 (0) 91 821 5557

US: +1 (702) 512 - 8349

Compare Listings

Chinese are becoming investors first, tourists second in Thailand

Chinese demand for real estate in Thailand is at an apogee, but the Beijing government’s drive to control capital flight could hinder such demand, according to a new report by Financial Times Confidential Research (FTCR).

Surveying 108 investors, FTCR found that Chinese buyers, mostly only “moderately wealthy” and put off by skyrocketing values in the mainland, are scouring the kingdom for residential properties. Buyers from China now account for 10 to 20 percent of total sales in the tourist hubs of Chiang Mai, Pattaya, and Phuket, and 5 percent of those in Bangkok.

However, such foreign demand is likely to recede soon. “The immediate outlook for Chinese investment flows into Thailand is negative,” FTCR stated in its report.

“In this new climate, we expect investors to delay plans to purchase more Thai real estate, at least until the dust settles, if not until the Chinese government loosens up again.”

Thailand is now the fifth most popular destination for real estate investment by the Chinese, FTCR pointed out. In 2010, almost no Chinese were buying homes in Thailand.

That year, Chinese tourist arrivals in the country topped 1.22 million, according to the Thai Immigration Bureau.

Read more

img

Sivana Dee

Whether you are a first time buyer or looking to expand your investment portfolio, we are here to service your every need. Allow LS-Invest.ASIA to assist you in creating your new “LifeStyle”. The right time is now to look no further than LS-Invest.ASIA Based in Phuket, our mission is to introduce a fresh outlook on luxury property investment in Thailand with a uniquely international perspective

Related posts

Best Countries To Invest In 2020

As 2020 unfolds, every business mind is boggled by one question “Where to Invest?”. As an...

Continue reading about Best Countries To Invest In 2020
Sivana Dee
by Sivana Dee

50-90% Reduction of land and buildings Tax 2020

Journalists "Prachachat Business" reported that the government announced the postponement of tax...

Continue reading about 50-90% Reduction of land and buildings Tax 2020
Sivana Dee
by Sivana Dee

New Property Tax Law in Thailand

After numerous attempts over the years to reshape the way property tax is imposed in Thailand, new...

Continue reading about New Property Tax Law in Thailand
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting LS-Invest.ASIA! My name is Sanne, how may I help you today?

× How can I help you?