Reopening of Thailand’s borders to international tourists might help developers dispose of unsold Bangkok flats, analysts say

BANGKOK: The full reopening of Thailand’s borders to foreigners is likely to help the struggling Bangkok flats market, analysts said.

Thailand began allowing in fully and partially vaccinated foreigners from February 1 and has proposed a travel bubble with China, which analysts said would help developers sell their inventory.

China, along with Malaysia, was among the two largest sources of foreign tourists in Thailand before the coronavirus pandemic and jointly accounting for a third of the 40 million international visitors coming to Thailand in 2019.