Growing ...
Growing Interest in Thai Properties Among Myanmar Nationals
The ongoing conflict in Myanmar has led to a noticeable increase in property purchases in Thailand. Wealthy individuals from Myanmar are looking to secure their assets in a stable environment, resulting in a surge in condominium sales. Reports indicate that purchases by Myanmar nationals have tripled compared to the previous year.
This trend places Myanmar buyers among the top investors in Thailand’s real estate market, following closely behind Chinese nationals. Political instability and economic uncertainty in Myanmar, including currency devaluation, have motivated many to invest abroad. Properties priced between $145,000 and $350,000 are the most sought after by these buyers.
Despite measures by Myanmar authorities to restrict foreign transactions, the movement of investments continues. Meanwhile, Thailand’s property market faces challenges due to reduced interest from Russian and Chinese buyers, but the demand from Myanmar investors has provided a significant boost. This highlights the interconnection between political stability and economic opportunities in the region, positioning Thailand as a safe haven for foreign investments.
Market Thailand - News Service
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