Thailand real estate for Chinese investors while restoring tourism between the countries. - Business News Thailand

With the resumption of travel between China and Thailand, Chinese investors are eager to seize the opportunity to purchase Thai real estate for investment and retirement.

They find that the real estate market in Thailand offers a better deal than China and are taking advantage of the 30-day visa on arrival that is available to Chinese citizens until the end of March.

The opening up of China is giving a boost to the Thai economy, and the government predicts the arrival of 7-8 million Chinese tourists in 2023, up from 11 million in 2019.

Chinese buyers have been the largest group of foreign apartment buyers in Thailand since 2018, accounting for nearly half of apartments sold to foreigners, according to the Real Estate Information Center of Thailand.

Chinese buyers are the largest group of foreign buyers of apartments in Thailand since 2018, followed by buyers from Russia, the US, the UK and Germany.

According to the ThailandReal Estate Information Center, Chinese buyers purchased 3,562 apartments worth a total of 17.94 billion baht ($511 million) in the first nine months of 2022, accounting for 49 percent of the total number of apartments transferred to foreigners.

The average price of apartments bought by Chinese buyers was 5 million baht and the average area was 39 square meters.

Thailand recorded 2.14 million foreign visitors in January.