The value of condos transferred to foreigners nationwide in last year's fourth quarter reached the highest level in five years, with the number of units sold during the period being the second highest, according to the Real Estate Information Center (REIC)
Vichai Viratkapan, REIC's acting director-general, said 3,780 condo units worth 19.5 billion baht were transferred to foreigners in the fourth quarter of 2022, up 82% and 96%, respectively, compared with the corresponding period in 2021.
"This upward trend has continued from the third quarter of 2021. The consecutive growth in the past five quarters was largely due to positive factors including Thailand reopening in June 2022 and the recovery of the tourism sector," he said.
