# Chiang Mai condos see fewer Chinese buyers but rising interest from Myanmar and US

- Link: https://www.thailand-business-news.com/real-estate/246806-chiang-mai-condos-see-fewer-chinese-buyers-but-rising-interest-from-myanmar-and-us
- Published: 2025-10-02T08:35:00+07:00
- Author: Arun Upadhyaya

**Purchases by Myanmar nationals surged 42.9%, with strong growth from Americans(
23.8%). Europeans, particularly Italians (200%) and Dutch (50%), entered the top
10, while traditional markets like Australia (-68.8%) declined sharply.**

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## Key Points

 * **Surging Purchases**: Myanmar nationals increased their purchases by 42.9%, 
   closely matching Americans, who saw a 23.8% growth.
 * **Europeans Emerge**: Italians dramatically boosted their purchases by 200%, 
   while Dutch buyers grew by 50%, both entering the top 10 for the first time.
 * **Declining Markets**: Traditional markets faced significant declines: Australian
   purchases plummeted 68.8%, Israel fell 60%, and South Korea dropped out of the
   top 10.

### Chiang Mai Condo Market Shifts: Chinese Buyers Decline, Myanmar and US Investors Rise

In a notable transformation within Chiang Mai’s real estate landscape, the once-
dominant presence of Chinese condo buyers is waning, while interest from Myanmar
and US investors is on the rise. This shift, attributed to changing travel regulations
and regional dynamics, highlights a significant evolution in the local housing market.

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According to data from local property agencies, the participation of Chinese buyers
in Chiang Mai condos has dropped by about 30% over the past year. Analysts suggest
that stringent travel restrictions and economic uncertainties in China may be prompting
this decline. “With Chinese buyers facing heightened scrutiny and changing regulations
at home, they are less able to invest abroad,” said Nattapong Thangthong, a local
real estate analyst.

Conversely, buyers from Myanmar are increasingly attracted to the affordable pricing
and investment potential of Chiang Mai’s real estate, as political instability at
home drives them to seek safer alternatives. Meanwhile, US investors have also stepped
into the market, viewing the region as an attractive opportunity amid Thailand’s
recovering tourism sector. “Chiang Mai offers a unique blend of culture, natural
beauty, and a relatively low cost of living, which appeals to foreign investors,”
Thangthong added.

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As the local market adapts to these new dynamics, industry experts express optimism.
They believe that diversification in buyer demographics could lead to a more resilient
real estate ecosystem in Chiang Mai.

In summary, as Chinese buyers retreat, the influx of Myanmar and US investors may
pave the way for a new era in Chiang Mai’s property market, illustrating the region’s
evolving appeal in a shifting global landscape.

_Sources: The Bangkok Post, Reuters, local property agencies._