Real estate in Thailand is relatively affordable compared to other Asian and Southeast Asian countries. In fact, Thailand has an abundant supply of properties – mostly in the condominium sector.

The Thai government allows foreigners to buy condo units, either as an investment property or as residential property. However, buying a house and lot in Thailand is a privilege given only to locals. Though there are other ways foreigners can own real estate property in the country, the processes involved may take time.

Over the years, buoyed by high tourism rates, Thailand real estate has continued to grow. The Thai property market attracts a number of foreign property investors and homebuyers. Studies show that a significant percentage of condo buyers in Thailand are foreigners.

Nationalities that mostly invest property in Thailand are, among others, from Mainland China, Japan, Singapore, Taiwan, the Netherlands and Germany. Many Russian and Indian expats settle in Pattaya, while the Chinese usually flock to Northern Thailand or purchase condo in Bangkok.