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Foreign investors want to invest in projects in Phuket operating in the hotel format in order to receive a permanent rent every year. Now Phuket is in demand for both rest in hotels and real estate for rent for a longer stay. Many Thais themselves buy second homes in Phuket. In addition, more and more foreigners are constantly arriving on the...
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Phuket remains one of the main destinations for both Thai and foreign tourists. Thus, the prestigious Travel+Leisure Southeast Asia magazine named Phuket the best island in Southeast Asia. In the period from January to February 2023, there were more customers interested in renting residential real estate, compared to the same period in 2022. The...
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The current year 2023, according to experts, will be “golden” for Phuket real estate. The number of booking registrations in ready-made projects and the number of transfers are increasing dramatically. There is an increasing demand for condominiums and villas with a swimming pool. Demand may become so high that developers risk not having time to...
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Phuket is becoming an even bigger magnet for foreign investors who enter the luxury real estate market. Developers are developing megaprojects, as they see a great tourist potential in Phuket. In 2022, 5,628,483 Thai and foreign tourists visited the island (including 3,320,217 foreigners). Phuket is called a “beautiful pearl” The Andaman Sea. Now...
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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...
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Thailand is one of the destinations that tens of thousands of Europeans traditionally choose for travel and life. Phuket is also one of the most frequently visited locations. Data from Phuket International Airport indicate that only in the period from November 1, 2022 to January 21, 2023, more than 233 000 Europeans arrived on the island. A massive...
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Developers in Thailand are introducing solar batteries in order to reduce carbon emissions. It is expected that the emergence of new residential projects in 2023 will reduce carbon emissions by 100 tons, which is equivalent to planting 6,300 trees per year. By 2050, Thailand plans to achieve zero greenhouse gas emissions for environmental...
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In Chiang Mai, the largest city in the north of Thailand, there is an increase in real estate sales to foreigners from Europe and Asia. Both condominiums and low-rise projects are popular. Chiang Mai Province shows a trend towards constant expansion in the real estate sector of both residential and commercial projects. Tourism is well developed in...
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Among the owners of foreign property owners in Thailand, the majority are Chinese. They are followed by citizens of Europe, the United States, Great Britain and France. In 2022, it was established that the Chinese are the leaders in buying condominiums in property throughout Thailand. In total, Chinese citizens received 5,707 units of this type of...
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Real estate experts in Thailand have identified 5 provinces with the largest number of condominiums owned by foreigners. According to experts, these are Bangkok and Chonburi Province, which account for 76.4% of the total number in the country. It is followed by Samut Prakan, Phuket and Chiang Mai. The Bangkok indicator is 45.5%, Chonburi - 30.9%....
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