Foreign Condo Buyers in Thailand: Q4 2025 Outlook & Forecast

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The Highlights

Foreign condo demand is steady, but buyers are moving toward more affordable price points.

China is still the largest group, but spending less. Russia buys fewer condos, but at higher values.

Myanmar and Taiwan are the fastest risers, driving affordable and mid-market demand.

Phuket and Pattaya lead in premium purchases, while Bangkok drives volume in the THB 3–5M (USD 86K–143K) range.

Forecast: 3,800 to 4,100 units in Q4 worth THB 15.5–17 bn (USD 440M–485M).

Stable Numbers, Softer Prices

In early 2025, 3,919 condos were transferred to foreigners, almost the same as last year. The total value was THB16.39 bn (USD 468M), showing a small dip. For Q4, expect activity in the same range, around 3,800 to 4,100 units worth THB15.5–17 bn (USD 440M–485M).

Who’s Buying What

Different nationalities are moving in different directions:

China: Still the largest group, but down nearly 20 percent year on year. Buyers are cautious and shifting to cheaper units. In Q1 2025, Chinese transfers were worth THB6.12 bn (USD 175M).

Russia: Fewer units, but higher spend per condo. Transaction values rose 6.9 percent year on year, pointing to premium deals above THB10M (USD 285K).

Myanmar: Buying more units, especially in the THB3–5M (USD 86K–143K) bracket, but the value is lower because purchases are smaller.

Taiwan: A clear growth story, with both units (+57.1%) and values (+47.8%) rising to THB4.3 bn (USD 123M) in 2024.

Others: Buyers from the US, UK, Hong Kong, Singapore, and South Korea remain steady, usually focused on THB6–12m (USD 171K–343K) condos.

Market Outlook at a Glance

The state-owned Real Estate Information Center (REIC) data shows foreign condo transfers in Thailand holding steady but shifting in mix and price points. To make the trends clearer, we’ve broken them down into nationality drivers and an overall Q4 2025 forecast.

Foreign Condo Transfer - Q4 2025 Outlook

Buyer Group	Trend YoY	Price Focus	Outlook Q4 2025
China	-19.2% units	Lower-priced condos	Still #1 by volume, but more cautious
Russia	Units slightly down, value +6.9%	THB 10m+ (USD 285K+) premium	Fewer buyers, higher spend
Myanmar	+12% units, value -30%	THB 3–5M (USD 86K–143K) affordable	Volume growth continues
Taiwan	+57% units, +47.8% value	THB 3–8m (USD 86K–229K) mid-market	Rising new demand
Others*	±3–5% YoY	THB 6–12M (USD 171K–343K)	Steady, niche demand

* Others include buyers from the US, UK, Hong Kong, Singapore, South Korea, and smaller markets. Their activity remains steady without major swings, typically focused on mid-to-upper market condos in prime locations.

Q4 2025 Forecast – Foreign Condo Transfers

Metric	Forecast Range	Key Notes
Units	3,800 to 4,100	Slightly higher than Q4 2024, supported by holiday season transfers
Transaction Value	THB 15.5 to 17.0 bn (USD 440M–485M)	Average spend per unit trending lower, but volume holds steady
Avg Price/Unit	THB 4.6 to 4.8M (USD 131k–137k)	Buyers are more price-sensitive, demand is strongest in THB3–5M range
Hot Spots	Phuket, Pattaya, Bangkok	Resort areas drive value, Bangkok drives affordable volume

Source: REIC; Superagent analysis

Currency conversion at THB35 = USD 1 for reference. Actual rates may vary.

What This Means for You

Foreign demand is shifting, not disappearing. Buyers are still active, but they are more selective about price, location, and quota availability. If you are planning to buy, Q4 is a good window, especially for ready-to-transfer condos with foreign quota still open.

At Superagent, we keep track of these shifts in real time. Our team can help you spot the right opportunities, whether you are aiming for an affordable city unit or a premium sea-view investment. Talk to us before you decide; it could make all the difference.

Friendly Reminder

Our guides are here to share general insights about the Thai property market. They’re not legal, financial, or tax advice, and rules may differ case by case. At Superagent, we’re here to support your journey, but we recommend checking with licensed experts before making final decisions.

Foreign Condo Buyers in Thailand: Q4 2025 Outlook