Investors from Europe and China have made a significant contribution to the real estate market in Thailand for many years, especially in the resort areas of the country. Investors from China did not return to the market after the start of COVID-19 due to restrictions on entry and exit from the country. While Europeans are also not active in buying real estate because of the sanctions imposed on the country. These circumstances prevent the rapid resumption of the real estate market in Thailand.
So, when will Chinese investors return? China has announced the simplification of the process of crossing the country's border, but this does not mean a softening of measures. The volume of forms to be filled out and permits to enter and exit has decreased, but the conditions have not been relaxed.
Spontaneous outbreaks of the disease occur throughout the country, with blockages and restrictions on movement being introduced after only a few cases of infection in the city.
Conducting mass testing of people is also still a common occurrence in life.
Hong Kong citizens were an important source of investment in real estate in Thailand.
In early August, the Hong Kong authorities announced a reduction in anti-aids measures and citizens of the country escaped abroad. The most popular place to travel was Bangkok, the next most popular was Osaka (Japan). Singapore, Seoul, and Phuket were also popular.
Investors are slowly returning, but the full opening of China is not yet expected.