Real estate experts told us which properties most often attract buyers from Europe in July 2023.
According to statistics, most often European buyers are looking for spacious villas, which should have from two to five bedrooms. This is due to the fact that Europeans often move with the whole family and want to give their children freer space. A frequent requirement for the villa is the presence of a swimming pool. In terms of prices, European buyers are most often looking for villas worth from 20 to 60 million baht (from $590,000 to $1.76 million).
It is noteworthy that the trend for villas appeared only in 2023. Last year, Europeans were the leaders among foreign buyers of condominiums, taking the lead from Chinese citizens.
According to Phuket Real Estate Association, in the period from November 2022 to March 2023, a total of 387,329 Europeans visited the island. Some of them purchased or rented local real estate.
The active interest of Europeans in real estate in Thailand (and especially Phuket) began to manifest itself after February 2022, according to experts of Real Estate Information Center (REIC).