News Forum - Thailand condo market improved slightly in 2021, expat buyers cautious — CBRE

[Thaiger]

Thailand’s condominium market saw a modest improvement in 2021, but the overall “sentiment” remained low with a lack of foreign buying power, according a report by CBRE, measuring the pandemic’s effect on the country’s economy, customer confidence, spending power and oversupply of options. They found that fewer international investors has compounded the situation. Foreign buyers, who make up a significant portion of the downtown market, were reportedly unable to travel to buy units, or lacked the confidence to buy off plans digitally as they had done previously. Notably, in 2021 there were a total of 137,710 expatriates in Thailand, a […]

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