Interest in Thailand property declines

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EXCLUSIVE: Property investments in Thailand by overseas buyers is probably at an all-time low, according to data from one leading British-based property portal.

The monthly ‘Top of the Props’ report from TheMoveChannel.com showed interest in Thailand property during July 2017 accounted for just 0.07 percent of all searches on the overseas property portal. This ranked the kingdom in 27th place globally.

Thailand has been within the top ten countries for overseas property searches within the last 12 months.

For the first time Thailand was only the third-ranked country in Southeast Asia, with Indonesia (19th) and Vietnam (26th) both recording higher shares of search on the website.

July was likely the height of the ‘low’ season for interest in Thailand property, although the fact that two other Southeast Asian countries ranked higher must be a concern for Thailand’s property developers and real estate agents.

Director of TheMoveChannel.com, Dan Johnson, said: “With summer in full swing, the traditional holiday home favourites rule the roost, with Spain, France and Italy all among our Top 5 destinations.

He added that July saw buyers begin to return to old favourites, as the tourism industry continues to help boost market recoveries – not just in Europe but further afield.

 

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