BANGKOK: Ownership transfers of condominiums in Thailand to foreign clients dropped significantly in both volume and value in the first quarter of 2026 compared to a year earlier, data showed on Tuesday (June 16).
The downturn was attributed to slowing domestic and global economic conditions, which have prompted buyers to exercise greater caution, according to the Government Housing Bank's Real Estate Information Centre (REIC).
During the January-March period, the total volume of condominium ownership transfers to foreigners stood at 3,241 units, representing a 17.3 per cent year-over-year decline, the REIC said in a statement.
Meanwhile, total value fell 17.9 per cent from the previous year to 13.46 billion baht (about US$411 million), and total transferred floor space dropped 13.8 per cent to 141,644 square metres.
The market share of international buyers relative to Thai buyers also shrank during the opening quarter of the year, with foreign ownership dropping to 13.6 per cent in terms of unit volume and narrowing to 23.9 per cent in terms of total value. - Xinhua
