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Spotlight on the Second Home Trend Among the Global Ultra-Rich: Why Thailand Remains the Answer

Thai economics05 May 2026 11:30 GMT+7

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Spotlight on the Second Home Trend Among the Global Ultra-Rich: Why Thailand Remains the Answer

In a world where economic and geopolitical landscapes are highly volatile, the definition of "wealth" for the global ultra-rich has significantly evolved. Today, the assets sought by the wealthy are not just high-yield investments but must also offer "stability" and "quality of life."

Revealing the list of "magnet" countries attracting billionaires in 2025

This trend is clearly reflected in the Country Wealth Flows report by Henley & Partners, which studies migration of high-net-worth individuals (investing over 1 million USD). The report shows that in 2025, the United Arab Emirates (UAE) ranks first as the country with the most wealthy newcomers, followed by the United States and Italy.

Meanwhile, Thailand remains strong, ranking 14th globally as a preferred residence destination for billionaires, confirming that Thailand's strategic appeal goes beyond being just a tourist spot.


Wealth + Wellness + Mobility: The new definition of a Global Safe Asset

The question is, what factors have elevated Thailand to a primary target?

From Sansiri's perspective as a "Trend Setter" closely involved with foreign capital inflows, Phumipak Julmanichote, Chief Strategy Officer of Sansiri Public Company Limited, analyzes that Thailand is advancing toward becoming a "Global Safe Asset." Today's Ultra-High-Net-Worth Individuals (UHNWIs) select residences not only based on the building but also on the life ecosystem or "Infrastructure of Life," consisting of three main pillars.

  • Quality of life and health (Wellness): Thailand's world-class healthcare system and cost of living that offers great value for the quality received.
  • Freedom of lifestyle (Mobility): Having a second home in a safe, conveniently located area with easy regional connectivity.
  • Brand confidence: In investment terms, prime real estate with internationally managed standards and a strong after-sale ecosystem is key to ensuring long-term asset appreciation.

"Thailand is no longer just a vacation spot but is becoming part of the global wealth ecosystem where investors can live, invest, and plan long-term in one place."

Real demand reflected in REIC figures: Thailand's condo market continues to thrive globally

The notion of Thailand as "The World's Last Safe Haven" is supported not only by forecasts but also by data. The Real Estate Information Center (REIC) reports that foreign condominium ownership transfers nationwide in 2025 (January to December) continue to grow despite a slowdown in domestic purchasing power.

  • Units transferred: 14,899 units (an increase of 2.2%)
  • Transfer value: 60.921 billion baht
  • Leading nationalities: China remains number one, followed by Myanmar, Russia, and Taiwan.

Notably, the Indian group has the highest average value per unit at 6.9 million baht and the largest average unit size of 75.7 square meters, reflecting strong demand for premium, spacious residences intended for long-term living.

Government support: LTR Visa and benefits beyond residency

A significant positive driver that helps close the gap and accelerate foreign investment decisions is the government's clarity through the Long-Term Resident Visa (LTR Visa), which grants up to 10 years residence, work permits, and tax benefits as low as 17% for high-skilled individuals. The program targets four key groups: high-net-worth individuals, retirees, remote workers, and specialized experts.

However, despite the promising outlook, professionals note that for Thailand to truly become a Safe Asset, it must still navigate several critical variables.

  • Regional competition: Thailand must prove its unique strengths in service and lifestyle to outshine rivals like Vietnam and Malaysia.
  • Currency volatility: The baht's fluctuations directly affect the costs and decisions of foreign investors.
  • Ownership laws: The real estate sector continues to push for legal reforms to enhance investment flexibility in line with global demands.

In summary, Thailand's move toward becoming a Global Safe Asset is not a passing trend but a structural transformation. For investors and those seeking a second home, the key is not just buying "real estate" but selecting projects with "standards" and "developers" that have international credibility to ensure asset security in both value and quality of life.


Sources: Country Wealth Flows (Henley & Partners), REIC, Sansiri, DDproperty

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