OVERSEAS PROPERTY BUYERS Mainland Chinese
As thephuketinsider is in Hong Kong one of the areas of upward growth is the continued momentum of Mainland Chinese buyers into the property market. It's now estimated by industry analysts that Mainland buyers now make up 20% of the market either through direct investment or by companies.
This is up 5% form the previous year, and two main drivers are low interest rates and cash liquidity to fund transactions. If Thailand is going to compete in the regional market the lack of debt continues to be the largest hurdle to attract international investors.