Thailand’s foreign-buyer condo market contracted in the third quarter of 2026, while Russian purchasers ranked second by transfer value behind Chinese buyers, shifting the mix of international demand.
The Real Estate Information Center (REIC) reported 3,085 transfers to foreign buyers nationwide during the quarter, a decline of 19.7%. Their combined value fell 7.6% to THB14.206 billion. The transfer count and total value both decreased, though by different amounts.
Russian purchases were valued at THB1.78 billion, nearly 50% more than a year earlier, according to REIC data cited by Thai property news platform Taladbandee. Chinese buyers remained the largest group by value despite a reported 36.1% drop in demand, VnExpress International reported.
The Russian increase also appeared in two provincial markets. The Nation reported that Russian purchase values rose 57.3% in Chon Buri and 80.3% in Phuket.
U.S. buyers were among several groups with higher transfer values. VnExpress International reported increases of 66.6% for Indian buyers, 34.6% for buyers from the United Kingdom, 30.4% for U.S. buyers and 2.9% for German buyers. The value for Taiwanese buyers fell 50.5%.
For the first nine months of 2026, foreign ownership transfers declined 12.7%, while their combined value fell 3.7% to THB42.473 billion, VnExpress International reported. The figures show a wider decline in Thailand’s foreign-buyer market alongside gains in transfer value for several national groups, including Russian and U.S. buyers.
