Chinese buyers dominated Thailand actual estate market in 2021

The appearing director of the Real Estate Information Centre (REIC), Wichai Wirattaphan, has said that Chinese nationals accounted for almost 60 % of condominium purchases in Thailand in the first 9 months of 2021.
The statistics launched by the REIC show that foreigners from the following five nations had been the top traders of properties in Thailand: China, Vanuatu, United States, United Kingdom, France. In that order.
Wirattaphan claimed that though Vanuatu nationals only purchased 23 models, they created a significant impact in the true property market since each property was valued at a mean of forty four million baht, accounting for 3.4 % of the market, second behind Chinese buyers.
Overall, Singaporeans purchased more expensive items at a median of 5 million baht per unit, whereas Americans bought the biggest units, averaging 54.eight sq. metres, according to the info.
The average measurement of residences purchased within the first nine months of 2021 was forty three sq. metres, at a median value of 4.9 million baht or 114 thousand baht per sq. metre.
In Bangkok, foreigners bought 3,246 units or 53 percent of these on the market, coming in at a complete of 21.76 billion baht. Ingredients got here second with 1,738 units or 28.4 percent and 4.14 billion baht, respectively.
Bona fide following are the top 5 provinces with the most international patrons: Bangkok, Chonburi, Phuket, Prachuap Khiri Khan, Nonthaburi..

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