LGBTI people from China are increasingly on the lookout for property in Thailand.

 

The places of most interest for Chinese LGBTI property buyers are Bangkok and Phuket, with many buyers claiming to feel more comfortable in these LGBTI-friendly cities than in their home country.

 

Chinese buyers who identify as LGBTI account for between 5-8% of total property-buying inquiries in Bangkok, The Bangkok Post reported.

 

LGBTI inquires are estimated to be around $50-80 million of the almost $1 billion of Chinese investment Thailand has seen over the last 18-months.

 

Thailand is far more LGBTI-friendly than China, where the LGBTI community can still face varying levels of systemic and cultural discrimination.

 

Overseas, many feel free to openly express their identities and their affections and live openly with the partner of their choice. And they want to own property in a place they can feel comfortable visiting and living in. The advantage in disposable income may be even greater because they do not have children.

 

In the last 20-years China’s economy has boomed, leading to a greater number of the population having an expendable income.

 

LGBT buyers are more likely to be buying a pure investment property or a residence for their own use as a second or third home. More often they are seen buying in destinations that are popular vacation destinations for LGBT travelers.

 

 

 

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