In the first nine months of this year, the data on foreign purchases of homes shows a ratio of 60:40 for first-hand and second-hand properties, compared to 69:31 during the same period last year. This suggests a growing interest from foreign investors in the Thai real estate market.

Foreign buyers, particularly from China, are more inclined to purchase second-hand properties in downtown or central business districts, such as Silom, Sathorn, Phrom Phong, and Sukhumvit. The relatively lower prices of second-hand properties in these areas attract the attention of foreign buyers, especially those from China, who hold a significant market share among foreign investors.

It is expected that condos and apartments in Thailand will continue to be popular among foreign buyers, especially those from China, who purchase these properties for investment or as a second residence.

Currently, foreigners own only 49% of the total area of condominiums. However, with the further expansion of Thailand's tourism market, the proportion of property purchases by foreigners is expected to rise, contributing to filling the gap in the not fully recovered purchasing power of the local population.

According to the data, studio apartments with a purchase price below 3 million Thai Baht are favored by foreign buyers, totaling 1,490 units and representing 44.3% of the total sales volume.

Next are studio apartments in the price range of 3 to 5 million Thai Baht, totaling 843 units, accounting for 25.1%; apartments in the price range of 5 to 7.5 million Thai Baht with 507 units, representing 15.1%; and apartments priced over 10 million Thai Baht with 346 units, accounting for 10.3%.

Apartments in the price range of 7.5 to 10 million Thai Baht have the least holding volume, with only 179 units, representing 5.3%. Additionally, buyers from Myanmar have an average purchase price intention of 6.5 million Thai Baht.

Furthermore, foreign buyers prefer studio apartments with a floor area between 31-60 square meters (one or two bedrooms), having the highest holding volume with 1,814 units, accounting for 53.9%. Next are studio apartments with a floor area not exceeding 30 square meters (single room or one bedroom) with a total of 972 units, representing 28.9%. Apartments with a floor area between 61-100 square meters (two to three bedrooms and above) have 392 units, accounting for 11.6%. Lastly, apartments with a floor area of 100 square meters and above (three bedrooms and above) have the least holding volume with only 187 units, representing 5.6%.