Overseas property: where are Thais buying?

overseas property
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Thais are buying overseas property in ever increasing numbers, but where exactly are their attentions focused?

This is undoubtedly valuable knowledge for both global property developers and Thailand-based real estate agents.

More than 600 ASEAN property professionals were questioned at the recent ARENA (ASEAN Real Estate Network Alliance) event at the end of last month in Kuala Lumpur, Malaysia.

So where are Thais buying? The two-fold answer, with 15 percent share of the responses each, was Hong Kong and the United Kingdom. Australia, New Zealand, Japan, Singapore, Switzerland, Taiwan and the United States also featured in answers.

Certainly, the United Kingdom will come as no surprise. There were six separate UK property exhibitions in Bangkok last month. Hong Kong is a bit more surprising given the sky-high prices there.

Elsewhere, in Malaysia some one-fifth (22 percent) are buying in Australia, the most popular destination for them. Malaysians were also more interested in other ASEAN countries such as Vietnam and Indonesia.

In Myanmar, around 35 percent would like to buy in Thailand, while the Philippines preferred Singapore and Malaysia, Thailand saw just a small share of buyers, perhaps because people from the Philippines were close to both Singapore and Malaysia.

Come back tomorrow to discover which nations were popular for buying overseas property in Thailand.

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