13 August 2015
/ World Property Journal
The Juwai Chinese Purchasing Intent Index for Thailand has soared 180 per cent, reports World Property Journal (13 August 2016). Thailand outperfomed larger countries: the US, Australia, UK, Canada and New Zealand, only rose 37 percent in average. Juwai.com CEO Andrew Taylor says, "Chinese buyers are taking advantage of their strong currency and proximity to Thailand to invest in vacation homes and investment properties. Over the past five years, the Renminbi has gained 19 percent on the Baht. "Chinese businessmen with commercial interests in Thailand were among the first buyers of local residential real estate. Now, you see vacationers and investors joining their ranks.