Residential property market trends in Thailand 2024

Soaring prices and important insights

Prices for houses and condominiums in Thailand continue to rise, and 2024 will be no exception. Key trends include rising rental costs, demand for luxury villas and investor interest in luxury housing.

Rental and investment

Residential rentals remain lucrative, supported by a resurgent tourism industry and rising incomes for residents.

Focus on Russian buyers

According to TASS, Russians occupy a significant share of the rental market in Phuket, surpassing even Chinese citizens. Their role in the rental market is expected to continue into 2024.

Luxury villas in the spotlight

A significant increase in demand for expensive villas from Russians is pushing the market to new records. According to the CEO of REIC, this has led to an increase in the supply of luxury villas.

Expert opinions

The President of the Phuket Real Estate Association and the CEO of MontAzure emphasize that international buyers, especially Russians and Europeans, play a key role in the Phuket property market.

Phuket - the center of attention

With its status as a major tourist destination and an influx of foreign investment, Phuket is becoming a prime destination for investors from Europe and Russia.

Stay tuned for further updates in the world of real estate in Thailand!