Chinese nationals bought the most condos out of any foreign nationality in Thailand this year despite the difficulties posed by Beijing’s strict Covid-19 restrictions, which are finally easing up after three years.

In Thailand, foreigners are permitted to own 49% of the units in any condominium building. The remaining 51% must have Thai ownership.

Although fewer Chinese bought condos in Thailand this year than in previous years, Chinese owners are still dominating the foreign condo market, accounting for almost half of all condos bought by foreigners in the first 9 months of 2022.

Thailand’s Real Estate Information Centre (REIC) revealed that between January – September 2022, 7,290 condo units were transferred to foreign ownership.