Transcript of the above video:

As the title of this video suggests, we are asking if tourism will cause an overall boom in the Condo Market here in Thailand. I thought of making this video after reading a recent article from the Bangkok Post, that is bangkokpost.com, the article is titled: Foreigners drive Condo Market. Quoting directly: "Condos are still in demand among foreign buyers targeting investment or second homes as the market has ample room with foreign ownership remaining below the legal limit of 49%." Quoting further: Quote - "In 2024 if tourism continues to expand from this year, it could benefit foreign buyers and potentially serve as a compensatory factor for the purchasing power of Thais. This could play a pivotal role in propelling the property markets growth."  

So interesting that while there may be something of a little bit of a fall in demand especially coming after 3 years of having our economy effectively shut down, yeah there may be a bit of mitigation in terms of lessening if you will of the demand among Thai buyers out there, and this may be offset by foreign buyers especially those who are coming in under the new influx of Tourism. Now whether or not we really will see ultimately some big boom in the condo market as a result of foreign buyers coming in remains to be seen, but we will certainly keep you updated on this channel as the situation evolves.