Foreign condo transfers rise again in Thailand

• 27 December 2019
• International News
• 2092 Views

Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers.

The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong condo market in Thailand despite the valuation of the properties declining in this period due to the strengthening of the Thai baht against the Chinese yuan.

The 1.8% rise continued the trend of the same percentage rise in 2018 even though values over the same period fell by 5.8%.

Credit photo : https://thethaiger.com

• Business and Market
• Economy and Finance