After a period of reduced activity in 2022–2023, Thailand’s real estate market is once again seeing growing demand from foreign buyers. The most noticeable recovery is taking place in the condominium segment, where transactions with non-residents have traditionally accounted for a significant share.

📊 According to Thai regulators and industry reports, 2024 through early 2026 has seen a steady increase in transactions involving foreign buyers. In some quarters, the share of foreign purchases in new developments reaches 25–30%, and in key tourist locations it can exceed this level.

The main driver of this recovery is the return of buyers from several key regions:

— China is once again becoming the largest source of demand following the easing of travel and capital outflow restrictions
— European countries are generating a stable flow of buyers focused on investment and seasonal living
— CIS countries remain active due to relocation trends and asset diversification

📍 Demand remains concentrated in the most liquid and tourist-driven locations:

— Phuket
— Pattaya
— Bangkok

These locations are where foreign buyers most commonly purchase condominiums. While foreigners in Thailand cannot own land, they are allowed to directly purchase condominium units, provided that foreign ownership does not exceed 49% of the total project area. This makes the condominium segment the primary entry point into the market.

Additional growth factors include:

— a lower entry threshold compared to villas
— high resale liquidity
— rental income potential in tourist regions
— a relatively simple legal transaction structure

📈 In a number of projects in Phuket and Pattaya, foreign ownership quotas are sold out at early stages, further increasing interest in new developments.

📌 The return of foreign buyers confirms that Thailand’s real estate market remains highly dependent on international demand, particularly in resort areas. At the same time, the condominium segment is the primary beneficiary of this recovery.

🔎 You can explore suitable property options in Thailand on our website.