Tag: Thailand

Thailand Property Market Outlook 2020: A Complete Overview

Posted on by Marcus Sohlberg — 2 Comments

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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

4 Asian Countries with No Property Tax

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Property taxes can have a huge impact on overseas investors’ buying decisions. With the growing interest in Asian markets, and especially developing markets, we need to keep in mind that tax rates can change fast.

Not only do developing countries change property taxes to attract more foreign capital or boost their economies. We also see sudden changes and the introduction of new taxes in places like Hong Kong, Singapore, and Korea.

This is mainly to avoid speculation, cool down the markets, and protect local citizens.

Interestingly, there are some countries that don’t charge any annual property tax to locals, or to foreigners for that matter. In other countries, the property tax is almost negligible.

In this article, you’ll learn the following:

Continue reading 4 Asian Countries with No Property Tax

Buying Condos in Phuket: The Ultimate Guide

Posted on by Marcus Sohlberg — 3 Comments

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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 by Marcus Sohlberg — 1 Comment

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

Do you plan to buy property in Thailand?
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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

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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 appreciations 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 by Marcus Sohlberg — 5 Comments

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

Do you plan to buy property in Thailand?
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We all know about the temptations that Thailand has to offer: white beaches, low living costs, and real estate that costs a fraction compared to back home.

Maybe you have already decided to purchase a property or just want to learn more about how it works when buying real estate in Thailand.

In this article, I explain about foreign property ownership regulations, how you can buy property as a foreigner in Thailand, about property taxes, if you can rent out the property, and more.

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, but worth mentioning.

You can also buy and own physical structures, but not the land that these structures are built on. But 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

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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.

Latest Update: 2020-01-09

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

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

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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 a 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

How to Rent Out Property in Bangkok: A Complete Guide for Foreigners

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Do you plan to buy property in Thailand?
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Bangkok has rapidly established itself as an attractive property investment destination in the heart of South East Asia.

This is due to a combination of factors, from comprehensive property ownership laws for foreigners, strong rental yields (on average between 4-6%), and good capital appreciation potentials spurred by the city’s rapid development.

These factors are complemented by the relative affordability of property in Bangkok, and the fact that the City offers an appealing lifestyle that attracts visitors and expats from around the world!

It comes as no surprise that international investors, especially from Singapore, Hong Kong, China and even the Middle-East, have been investing in buy-to-let property in the Thai Capital.

How do landlords find rental clients for their properties?

There are usually two main ways landlords would go about finding rental clients from their investment:

Continue reading How to Rent Out Property in Bangkok: A Complete Guide for Foreigners

Property For Sale in Chiang Mai: 6 Interesting New Projects & Launches

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Chiang Mai is one of the biggest cities and the cultural center in Thailand. Being voted as a UNESCO World Heritage, some foreigners find Chiang Mai’s picturesque environment and relaxed lifestyle tempting.

The tourism is surging at the same time as the Thai government invest much money to make Chiang Mai an innovation-driven “smart city”.

In this listing article, you can find some of the most interesting new property projects and launches in Chiang Mai. We update the article on a regular basis, keeping it up-to-date with the latest information.

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: 2019-10-01

Continue reading Property For Sale in Chiang Mai: 6 Interesting New Projects & Launches