Chinese and American buyers were the only two nationalities among the top 10 for Thai condominium transfers last year to record declines in both unit numbers and value, while the other eight either saw increases in both or a decline in only one metric.
According to the Real Estate Information Center (REIC), the number and value of condominium transfers to Chinese buyers in 2025 fell by 12.9% to 4,940 units and by 30% to 18.5 billion baht.
Despite the drop, they remained the largest group in both categories. American buyers, who ranked fifth in value and sixth in unit numbers, saw transfers decline by 11.8% and 7.2% year-on-year to 537 units worth 2.81 billion baht.
The largest increase in unit numbers came from Myanmar, rising 41.8% to 1,968 units, although total value declined by 12.5% to 6.16 billion baht, indicating a shift towards lower-priced units.
In contrast, Indian buyers were the only nationality among the top 10 to record a decline in unit numbers but an increase in value. Transfers fell 8.8% to 237 units, while value rose 7.7% to 1.64 billion baht, with an average price of 6.9 million baht per unit.
"Indian buyers stood out with the highest average transfer value per unit, reflecting purchases for owner-occupation by larger families," REIC reported.
Among the top 10, buyers from the UK, ranked seventh, recorded the highest increase in transfer value, rising 35.2% to 2.3 billion baht from 476 units, up 15%.
They were followed by Russian buyers, ranked third, with value increasing by 30.3% to 4.77 billion baht from 1,172 units, up 8.6%. French buyers, ranked sixth, saw value rise by 16.6% to 2.6 billion baht from 657 units, with units surging 26.1%.
Taiwan also emerged as a notable market, ranking fourth with 1,036 units worth 4.7 billion baht, up 23.9% and 9.3%, respectively.
REIC reported that condominium transfers to foreign buyers nationwide in 2025 tallied 14,899 units worth 60.9 billion baht, up 2.2% in unit numbers, but down 10.7% in value from 2024.
This reflects cautious sentiment among foreign buyers amid global economic headwinds, particularly among Chinese buyers facing domestic economic challenges and liquidity constraints, prompting some to delay purchasing decisions.
The proportion of foreign condominium transfers compared with Thai buyers continued to rise, accounting for 14.7% of total units and 25% of total value, up from 12.5% and 23% in 2024, respectively.
This underscores the continued importance of foreign buyers in Thailand's condominium market.
