As overseas buyers increase, Thailand must balance openness with protecting home ownership for locals.
Insight
28 November 2025
Rethinking Thailand's condominium ownership policy
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International demand has long driven Thailand's condominium sector. Following the pandemic recovery, the market experienced a notable rebound in foreign buyer activity as travel restrictions lifted and cross-border mobility resumed. As a result, foreign condominium transfers increased from their lowest point of around 7% in 2020 to 15% of total nationwide salestoday. Coastal destinations have a strong international appeal, with foreigners accounting above 30% of total condominium transactions. While the Northern region, centered on cities like Chiang Mai, has seen foreign ownership increase to around 20% in 2025.
Figure 1: Foreigners’ transferred units by region, 2018-2024
Source: Department of Lands and Real Estate Information Center (REIC)
Remark: Coastal Destination includes Chon Buri, Rayong, Prachuap Khiri Khan, Phuket, and Surat Thani
Figure 2: Foreigners’ sales shares by region, 2018-2024
