Thailand’s residential real estate market ended 2025 with a decline in the number of transactions and their value, but demand from foreigners for condominiums remained stable and partially offset the weakness of domestic buyers.
According to the Real Estate Information Center (REIC), in 2025, 316,214 transactions for the transfer of ownership of housing were registered in the country, which is 9.1% less than a year earlier, and the total value decreased by 11.8% to 864.913 billion baht.
In the fourth quarter, the authorities implemented short-term stimulus measures, reducing registration fees and easing LTV parameters for mortgages, which supported transactions at the end of the year.
REIC reports that in the fourth quarter of 2025, foreigners made 3,888 condominium purchases (year-on-year growth), and 14,899 units for the year, which is 2.2% more than in 2024. At the same time, the value of such transactions decreased by 10.7% over the year to 60.921 billion baht, indicating a shift in demand to a more affordable segment.
China remained the largest group of buyers, but its figures declined: REIC indicates that in 2025, Chinese citizens completed 4,940 transactions (about 33% of the total number of foreign transactions), while the value of these transactions decreased more significantly.
REIC published the most detailed breakdown by nationality for specific periods of 2025. According to REIC, in the first four months of 2025 (January-April), the top 10 countries by number of condominium purchases were as follows: China – 1,728, Myanmar – 566, Russia – 365, Taiwan – 225, France – 205, USA – 185, UK – 175, Germany – 144, Singapore – 103, Australia – 76.
In terms of transaction value for the same period, the top ten were: China – 7,097 million baht, Myanmar – 1,850 million, Russia – 1,246 million, Taiwan – 1,045 million, followed by the US, UK, France, Singapore, India, and Germany.
At the end of the first half of 2025, REIC reported a high concentration of transactions in Bangkok and Chonburi (more than 80%), with China, Myanmar, and Russia remaining among the leaders in terms of the number of purchases.
Separately, REIC noted the growing role of Russians and Taiwanese in the demand structure, while Ukrainian buyers did not make it into the top 10 in the REIC tables published for 2025. However, experts rank Ukrainian citizens among the top 20 most active buyers of Thai real estate.
REIC expects a scenario of “stability” for 2026 – transaction indicators may remain close to the 2025 level, without significant growth.
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