COVID-19’s Impact on Thailand’s Real Estate Market

Posted on Leave a comment

thailand-covid-19-real-estate

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Real estate markets all over the world experience a turbulent period and it’s difficult to say what the end result will be in the coming months. It mainly comes down to how long lockdowns will be in place and for how long countries will keep their borders closed.

The Thai property market started to slow down in 2019 and the market was predicted to continue on that track even before the COVID-19 crisis started. Many homeowners will face challenges, at the same time as novice investors will look for a discounted property.

To keep you updated about the real estate market in Thailand during these uncertain times, we’ve written this article and where we will share updates weekly. Continue reading COVID-19’s Impact on Thailand’s Real Estate Market

Thailand Property Market Outlook 2020: A Complete Overview

Posted on 2 Comments

thailand-property-market

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Buying property overseas is one of the biggest investments many foreigners make. Before you buy assets in a developing market, you must do thorough research and understand what you can expect from the market in the coming years.

Thailand is undoubtedly one of the most popular choices foreigners have when buying property overseas. In this article, I will explain what our predictions are for Thailand’s property market in 2020.

Topics covered in this article:

  • Thailand’s Property Market in Previous Years
  • Pattaya’s Property Market
  • Bangkok’s Property Market
  • Chiang Mai’s Property Market
  • How will Thailand’s property market perform in 2020?
  • Are there any other positive aspects of investing in Thai property?
  • New Property Projects in Bangkok
  • Thailand’s Demographic Issues

Thailand’s Property Market in Previous Years

Thailand’s property market has been in a slow but consistent upward trend for over a decade now. The main reason is the increasing number of foreigners that visit and live in Thailand.

Around 88,000 foreigners applied for work permits in Q2 2018 in Bangkok alone and the number continues to rise. To put it in some context, in Q1 2015, 78,000 foreigners applied for work permits. That’s an increase of 10,000 expats per quarter, or 40,000 yearly.

A better economic outlook, higher take-up, and occupancy rates have resulted in this upward trend. Still, the market performance differs much between cities.

For example, Bangkok and Chiang Mai have experienced higher growths, while places like Cha Am, Hua Hin, Khao Yai, and Pranburi have seen slower growth, or even stagnated. Continue reading Thailand Property Market Outlook 2020: A Complete Overview

List of Serviced Apartments in Bangkok: Our Top 7 Picks

Posted on Leave a comment

Serviced Apartments in Bangkok

Are you moving to Bangkok and looking for a suitable serviced apartment?

Bangkok is one of the busiest business and tourist cities in Southeast Asia, this is also reflected in the wide choice of serviced apartment companies that operate here.

A serviced apartment represents a flexible option, whether you are planning to travel to Bangkok for business or vacation purposes.

In this article, we list 7 serviced apartment companies and compare them according to their rent span, unit size, minimum duration of stay, location and facilities.

Overview

Benefits of renting a serviced apartment in Bangkok

First of all, serviced apartments are different than traditional apartments, as you don’t have to buy furniture or kitchen appliances, as they come fully furnished and equipped. Continue reading List of Serviced Apartments in Bangkok: Our Top 7 Picks

Investing in Thailand Commercial Property: Foreign Buyer’s Guide

Posted on Leave a comment

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Thailand’s commercial real estate market is less spoken about compared to other regional countries, like Singapore and Malaysia.

The main reason is that these countries are more developed and with better foreign ownership regulations.

Truth be told, there are not many options available in Thailand, at least not to individual investors. The only exception is if you invest in Real Estate Investment Trusts (REITs).

With that said, increasingly more foreign companies have started to target Thailand’s commercial property market, including property developers, manufacturers, and co-working space operators.

In this article, we review the following:

  • Can foreigners buy commercial property in Thailand?
  • Thailand’s Commercial Property Market
  • Best Cities to Invest in Commercial Property in Thailand
  • Commercial Property Taxes
  • FAQ

Continue reading Investing in Thailand Commercial Property: Foreign Buyer’s Guide

Buying Condos in Phuket: The Ultimate Guide

Posted on Leave a comment

phuket-condo

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Phuket is an amazing holiday destination and is fast becoming one of the world’s most visited islands. In 2018, Thailand attracted nearly 35 million visitors and almost one third of those spent time in Phuket.

And the amount of travelers is expected to rise significantly in the coming years.

There’s a prediction that mainly Chinese will flood the Phuket real estate market as they struggle with property prices back home. They’ve also become more aware of the opportunities to buy overseas property to use as investment vehicles.

Yet, before you buy real estate in Phuket, it’s important that you get your feet wet and learn about the market, where to buy, about prices, and more.

In this article, you’ll about learn the following:

Continue reading Buying Condos in Phuket: The Ultimate Guide

Buying Condos in Bangkok: The Definitive Guide

Posted on Leave a comment

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

As property prices reach all-time-high in places like Hong Kong, real estate buyers have started to look for investment opportunities elsewhere.

One of the most popular cities for overseas property investors in Asia is undoubtedly Bangkok. Being the most visited city in the world, Bangkok has a perfect geographical location, good health care, many international schools, comparably cheap property, long-term visas, and the list goes on.

Still, before you engage in Bangkok real estate, you must understand what you can expect from the market, where to buy, about condo prices, and more.

In this article, we review the following:

Continue reading Buying Condos in Bangkok: The Definitive Guide

Buying Hotels & Resorts in Thailand: The Ultimate Guide for Investors

Posted on Leave a comment

buy-hotels-resort-thailand

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

We’ve mostly talked about buying residential property in Thailand previously, covering foreign ownership regulations, taxes, and more.

In this article, we take it to another level and check how it works when buying hotels and resorts.

Buying a hotel is in a different league as these properties are treated as businesses, hence, different regulations apply. The transaction values tend to be higher as well.

Yet, buying a hotel in Bangkok or Thailand’s most popular resort areas can result in great capital appreciation and high yields.

In this article, you’ll learn how it works when buying a hotel or a resort in Thailand and regulations that apply.

Laws & regulations to foreign ownership of hotels in Thailand

Buying a hotel is a completely different undertaking compared to buying residential real estate in Thailand.

Getting your feet wet, working with a serious agent, and a reputable solicitor from the start shall be a top priority before engaging in the market.

Continue reading Buying Hotels & Resorts in Thailand: The Ultimate Guide for Investors

How to Buy Property in Thailand: The Ultimate Guide

Posted on 5 Comments

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Thailand is one of the most popular countries for overseas property investors in Thailand. In the past years, we’ve seen particularly strong demand from places like mainland China, Hong Kong, and Singapore.

What sets Thailand apart from countries like Vietnam, Cambodia, and Indonesia is that it has multiple long-term visas, a developed tourism industry, and a long history of welcoming foreigners.

In this article, we review the following topics for foreign real estate investors:

  • Can foreigners buy property in Thailand?
  • Buying a Condo in Thailand
  • Buying a Villa in Thailand
  • How to Finance a Property in Thailand
  • Getting a Mortgage as a Foreigner in Thailand
  • Getting an International Bank Loan
  • Property Taxes in Thailand
  • Property Prices in Thailand
  • Renting Out Property in Thailand
  • FAQ

Can foreigners buy property in Thailand?

Foreign individuals are allowed to buy 49% of the units in condominium projects. The remaining 51% needs to be allocated to locals.

Besides, foreigners can own strata-titled office units, with similar regulations as when buying condominiums. This is not common though as there’s a scrace demand.

Worth mentioning is that you can also buy and own physical structures, but not the land that these are built on. However, there are ways to get around this.

You can either lease the land or buy it through a local company (where the first option is significantly easier). Let’s review the two options. Continue reading How to Buy Property in Thailand: The Ultimate Guide

Phuket Condos for Sale: 7 Interesting New Projects & Launches

Posted on Leave a comment

phuket-property-for-sale

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Located along the beautiful Western shoreline in Thailand, Phuket is one of the most visited places in Thailand. Some foreigners even decide to settle down here full time.

You’ll find a number of established and off-plan properties with great amenities. A benefit of investing in Phuket is that developers often offer high guaranteed rental incomes if you invest in the right areas.

In this article, you’ll learn about some of the most interesting new property projects for sale in Phuket, including villas, condos, condotels, and more.

Viewing the projects and surrounding areas in Street View (Desktop Version)

To check the projects and surrounding areas in Google Maps Street View, simply zoom in the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. You can track the marker/project in Street View as well.

To go back to Google Maps, press the arrow in the top left corner.

Projects Covered

Continue reading Phuket Condos for Sale: 7 Interesting New Projects & Launches

Property for Sale in Bangkok: 7 Interesting New Projects & Launches

Posted on Leave a comment

thailand-property-for-sale

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Bangkok is the most visited city in the world and a favorite spot for many overseas property buyers. Personally, Bangkok is one of my favorite cities in Asia.

Even if the Thai economy is growing slowly, people still get attracted to this international melting pot for a number of reasons. With significantly lower property prices than places like Singapore, Hong Kong, and Shanghai, Bangkok will continue to be the number one choice.

Often, investors prefer to buy either new or off-plan properties, but we also see a demand for established property.

In this article, you’ll find interesting new condos for sale in Bangkok, in places like Sukhumvit Road, Sathorn, the Riverside, and more.

Viewing the projects and surrounding areas in Street View (Desktop Version)

To check the projects and surrounding areas in Google Maps Street View, simply zoom in the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. You can track the marker/project in Street View as well.

To go back to Google Maps, press the arrow in the top left corner.

Latest Update: 2020-01-08

Continue reading Property for Sale in Bangkok: 7 Interesting New Projects & Launches