Myanmar Nationals Driving Condo Sales in Thailand
In 2024, Myanmar nationals purchased 1,388 condo units in Thailand, with a total investment of over 7 billion baht, marking a significant rise in demand. According to the Real Estate Information Center (REIC), Myanmar remains among the top 10 countries buying condominiums in Thailand, despite a slowdown in purchases from Chinese and Russian buyers.
Why Are Myanmar Nationals Investing in Thai Condos?
Several factors have contributed to this increasing trend:
1. Real Estate Stability in Thailand
Thailand’s property market has remained stable and attractive for foreign investors. With well-developed infrastructure, modern amenities, and a strong economy, it provides a secure investment option for Myanmar nationals.
2. Rising Demand Amid Economic Shifts
While foreign condo purchases in Thailand slightly slowed in 2024, Myanmar buyers increased their investments alongside Taiwanese nationals. This reflects a shift in regional economic trends as more individuals seek real estate security abroad.
3. Affordable Pricing and Strategic Location
With an average condo price of 4.7 million baht, Thailand offers a cost-effective real estate market compared to other Southeast Asian countries. Myanmar nationals find Thailand an attractive location due to its proximity, economic opportunities, and better living conditions.
Future Outlook: Will Demand Continue to Grow?
Experts predict that foreign condo purchases in Thailand will increase by 1% in 2025, with Myanmar, Chinese, Russian, and Taiwanese buyers continuing their investments. Thailand’s booming real estate market, combined with increasing interest from Myanmar nationals, suggests that demand for Thai condominiums will remain strong in the coming years.