In Thailand, real estate experts said that the state has a significant advantage over other Asian countries - for those who plan to live here for a long time. In particular, we are talking about the provision of medical services at a good level.
According to Vasan Keangsiri, President of the Housing Business Association, in 2023 the real estate market will remain stable and will not slow down. Peerapong Jaroon-ek, president of the Thai Condominium Association, stressed that the number of residential complexes will grow this year.
Foreign investors purchase second and third homes, the average cost of which is from 5 to 10 million baht ($146,327 - $292,654). Real estate worth 50-100 million baht ($1.4 million - $2.9 million) belongs to the ultra-luxury segment. At the same time, many of those who seek to become the owner of luxury housing in Thailand prefer not to buy ready-made projects, but to build houses on their own.
The condominium market is actively developing. The average cost of this type of housing is from 1 to 3 million baht ($29 248 – $87,746). This property is selling great, especially in the tourist provinces. It is also noted that many buyers of second, "vacation" homes remain in Thailand forever.