Tag: Thailand

Top 13 Real Estate Agents in Thailand: The Ultimate Guide

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Thailand has received a fair amount of foreigners that buy residential properties in holiday destinations like Bangkok, Phuket, Pattaya, and Koh Samui.

Due to the great influx of foreigners, many real estate agencies have opened shops, including both local and foreign-owned. Previously, places like Bangkok lacked French and/or English-speaking agents, something that has changed over the years.

In this article, I list the most popular real estate agencies in Thailand, explaining their history, what property types they manage, what services they offer, and more. Let’s get started.

1. Colliers International Thailand

Colliers International is one of the most renowned and reputable agents in the world and headquartered in Seattle, Washington. They also have around 400 offices in 68 countries, including Thailand, of course. Continue reading Top 13 Real Estate Agents in Thailand: The Ultimate Guide

Buying a Condo in Hua Hin: A Complete Guide

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

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You often come across investors and locals in Thailand that plan on going to Hua Hin for a weekend or longer. Some of them even reside in Hua Hin and just visit other cities over the weekend.

Hua Hun is famous for being a relatively small city with beautiful beaches, allowing foreigners and locals to recover from the hustle and bustle in the capital.

With a great interest in Hua Hin real estate, I decided to write this article where I explain the basics when buying properties in Hua Hin.

Topics covered:

  • Hua Hin’s Property Market
  • Best Areas to Buy Property in Hua Hin
  • Condo Projects in Hua Hin
  • Hua Hin Real Estate Agents
  • Benefits of Living in Hua Hin

Hua Hin’s Property Market

Hua Hin is strategically located a couple of hours’ drive away from Bangkok, making it attractive to foreign buyers and locals alike.

This is a benefit as the local market not only relies on foreign investments, like in Pattaya Continue reading Buying a Condo in Hua Hin: A Complete Guide

Buying Property in Pattaya: The Basics You Need to Know

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Pattaya is one of the biggest cities in Thailand and has attracted many foreign buyers in the past decade.

With property prices lower than Bangkok’s and located right next to the ocean, some foreigners simply prefer to invest here.

The city is the second most popular for foreign visitors after Bangkok and has become one of the favorite spots for retirees and young investors who struggle with expensive property prices at home.

Due to the increased interest in Pattaya property, I decided to write this article where I explain the basics when buying real estate in Pattaya.

Topics covered:

  • Can foreigners buy property in Pattaya?
  • Pattaya’s Real Estate Market
  • Buying a Condo in Pattaya
  • Condo Prices
  • Buying Property in Pratumnak
  • Buying a Jomtien Beach Condo
  • Pattaya Property Agents

Can foreigners buy property in Pattaya?

Foreigners are treated in the same way as in other parts of Thailand and we can own 49% of the units in a strata-title (condominium) project, as well as residential physical structures (villas). Continue reading Buying Property in Pattaya: The Basics You Need to Know

Can foreigners buy commercial property in Thailand?

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Thailand has a developed tourism industry and has attracted many foreign companies that outsource assembly operations and that work in other industrial sectors.

Even if we see strong demand among foreigners who wish to buy hotels and resorts, office space and industrial real estate is also on many investors’ radars.

However, there are also many potential pitfalls that foreigners aren’t aware of due to a lack of market-knowledge or that they simply work with the wrong partners.

In this article, I explain how foreigners can buy commercial real estate in Thailand, what the regulations are, what commercial property types are available, and how you can find commercial property for sale.

Commercial Property Ownership Regulations

Foreign individuals have no access to commercial real estate except for strata-titled office units that you can find in a limited number in Bangkok. Continue reading Can foreigners buy commercial property in Thailand?

Top 13 Real Estate Agencies in Bangkok: A Complete Guide

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Bangkok is one of the most visited cities in the world and attracts everything from entrepreneurs, travelers, expats, and retirees.

Even if people claim that you can get better yields when buying a property in places like Cambodia, Bangkok, and Thailand in general, outperforms Cambodia greatly.

In fact, yields are not always the most important for real estate buyers. You always need to consider your risk appetite and personal preferences as well.

With that said, it’s not always easy to find the right real estate agency to turn to for help. Finding a reputable and credible agent is crucial to successfully buy a property.

Therefore, I’ve written this article where I list some of the most popular and credible agents in Bangkok.

1. Colliers International Thailand

Colliers is one of the biggest real estate agencies in the world having 400 offices in almost 70 countries. The head office is located in Bangkok and has a management team of 14 persons, mixed with both Thai nationals and foreigners.

The Bangkok office established in 2007 but Colliers also has a presence in Pattaya and in Hua Hin, employing around 250 people in total.

Worth mentioning is that Colliers has acquired a number of local real estate agencies, including Pasupat Realty Co. Ltd., in 2007, and FirstService in 2015.

Clients of Colliers include Bangkok Bank, Siam Commercial Bank, Siam Piwat, and Singha. Saying that Colliers is one of the top real estate agencies in Thailand is a fair statement.

Services Offered

Continue reading Top 13 Real Estate Agencies in Bangkok: A Complete Guide

Thailand Property Market Outlook 2021: A Complete Overview

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Buying property overseas is one of the biggest undertakings 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.

While Thailand is by far one of the most popular options that foreigners have when buying property overseas, the market has been impacted hard due to the COVID-19 pandemic.

In this article, I explain our predictions for Thailand’s property market in 2021.

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 2021?
  • 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 was in a slow but consistent upward trend for over a decade until 2020. The main reason is the increasing number of foreigners that visit or decide to live in Thailand, might they be workers or retirees.

To give you a number, 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, 78,000 foreigners applied for work permits in Q1 2015. That’s an increase of 10,000 expats per quarter or 40,000 yearly.

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

Bangkok and Chiang Mai Performed Better in Previous Years

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 2021: A Complete Overview

Thailand Property Rental Yields: An Overview by Cities

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Thailand might not have the highest yields in Asia, but you can find some great deals if you work with the right agent and target the right area.

Certain sizes of units such as 2 – 3 bedrooms can also perform better as the quality of tenants is generally higher and there’s reduced demand for these kinds of units. Again, you must work with an agent that has a deep knowledge of the market and can come up with promising options.

In this article, we review the most popular cities among property investors in Thailand and check the average rental yields. If you have any interesting insights, feel free to drop a comment below.

Rental Yields in Different Cities in Thailand

In this section, we review the cities one-by-one and compared the rental yields. Let’s start with the capital and where we see the biggest uptake of units from foreign investors.

Bangkok

While condominium units along Sukhumvit Road can fetch up to THB 300,000 – 500,000 per square meter, it’s highly sought after among foreigners who invest in Bangkok. Areas like Silom-Sathorn also become increasingly popular, even if it’s located primarily catering to business professionals and not to tourists and travelers. Continue reading Thailand Property Rental Yields: An Overview by Cities

Can foreigners buy property in Thailand?

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Thailand is one of the most popular countries for real estate buyers in Asia. It’s not strange as it has a developed tourism industry, plenty of visa options available, and a climate and cuisine that suit most people’s taste.

Giving you an example, in Hua Hin alone you can find 3,500 – 5,000 Swedish residents while in Ho Chi Minh City there are only a couple of hundred Swedes. These figures clearly show that Thailand excels when it comes to attracting tourists and other countries still have some miles to go.

In this article, we will focus on the regulations that foreigners have to comply with when buying real estate in Thailand. There are property types that aren’t available to foreigners, depending on how you acquire the units.

Let’s start and review a brief overview of the requirements that foreigners have to meet when buying real estate in Thailand.

Requirements for Foreigners to Buy Property in Thailand

It’s comparably easy to buy real estate in Thailand by Southeast Asian standards. In Indonesia, Myanmar, and Vietnam, for example, foreigners cannot purchase freehold property which is available in Thailand, Cambodia, the Philippines, and Malaysia. Continue reading Can foreigners buy property in Thailand?

Top 4 Real Estate Websites in Thailand

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Thailand has been a hot-spot among foreign property buyers for decades back, but the market really took off around 2010. Since then, we have seen various real estate websites popping up, trying to attract local and foreign buyers alike.

Being one of the most popular markets in Asia, it would be an understatement to say that the competition for real estate leads is high in Thailand. Even if places like Vietnam become interesting among investors, Thailand will remain as a prime location with more options.

In this article, we review the four top real estate websites in Thailand and what sets these apart. Let’s start with the biggest one.

1. Dot Property & Thailand-Property

Dot Property and Thailand-Property are two of the biggest real estate websites in Thailand owned by Dot Property Group. Continue reading Top 4 Real Estate Websites in Thailand

Thailand Property Prices: An Overview

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Thailand is one of the most visited countries in the world that relies much on foreign investors. The country was affected badly, to say the least as COVID-19 spread over the world and reduced investments to a minimum.

It’s not easy to discuss future outcomes or current prices when the market is turbulent and behave abnormally. With that said, we have collected data and information to understand how the Thai real estate market has been affected, reviewing real estate prices in different cities and islands.

In this article, we analyze the top investment destinations among foreigners, including Bangkok, Phuket, Koh Samui, and Pattaya. If you have any questions or valuable information you would like to share, feel free to write a comment below.

Bangkok

Bangkok’s real estate market has been hit hard due to the COVID-19 pandemic and new supply was down more than 73% in Q2 2020 compared to the previous year.

Saying that both the tourism industry industries have been heavily disrupted would be an understatement. The demand and supply have decreased tremendously and around 100,000 units were unsold in May 2020, according to Knight Frank Thailand. Continue reading Thailand Property Prices: An Overview