Crackdown unlikely to hit foreign property demand (opens original article in a new tab)

A property consultancy says the crackdown on illegal nominee structures in Thailand is unlikely to derail foreign demand for resort and luxury properties, as buyers remain cautious but continue to invest.

• Property consultancy Juwai IQI states that crackdown on illegal nominee structures is unlikely to significantly affect foreign demand for resort and luxury properties in Thailand.
• Foreign buyers are becoming more cautious and seeking clearer legal ownership arrangements, but no major withdrawal of demand has been observed.
• Thailand remains a top destination for Chinese property buyers, with strong demand for luxury villas in areas like Phuket and Samui.