In 2022, foreign buyers in Thailand showed strong interest, with Chinese citizens leading the market and Russian buyers taking second place. This snapshot comes from Tranio, a global real estate broker, as reported by the agency TASS. The data underscores a clear cross-continental demand for Thai property, highlighting how different nationalities concentrate in distinct parts of the country.
The year’s numbers reveal that Russians purchased 813 apartments in Thailand, totaling approximately 75.5 million dollars. In the same period, Chinese buyers acquired 5,707 apartments for a combined value of about 828.3 million dollars. This contrast illustrates a broader trend: Russians leaning toward resort-based enclaves, while Chinese investors favored urban hubs with broad connectivity and amenities.
Among the places attracting Russian buyers were Phuket and other island getaways such as Koh Samui, Koh Chang, and Koh Lanta. By contrast, Chinese investors gravitated toward Bangkok and Chiang Mai, cities known for their blend of modern infrastructure, cultural appeal, and long-term growth potential.
Beyond these two nationalities, interest in Thai real estate also came from Myanmar, the United States, and France, each contributing a notable slice of demand. Collectively they purchased apartments valued at about 72.8 million dollars, 68.1 million dollars, and 54.5 million dollars, respectively, in that year.
Looking ahead, Tranio’s data indicate a shifting mood in the market. In the first quarter of 2023, demand from Russian buyers rose by roughly 57% compared with January–March 2022, signaling renewed interest after a broader pause in the region. Indonesia also saw a meaningful uptick, with demand increasing by about 39% in the same early 2023 timeframe. These movements suggest continued cross-border interest in Thai real estate, even as local market dynamics evolve. (Tranio)