Tag: Thailand

Top Airbnb Rental Management Companies in Thailand: An Overview

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Thailand has been the go-to-market for real estate investors in Southeast Asia in recent years. As a result, prices have increased in the multiples, particularly around the main road of Sukhumvit in Bangkok.

As many buyers cannot live in Thailand full-time, we’ve seen an increased demand for long-term as well as short-term rental management services.

Airbnb is the most popular option for short-term rentals and has grown immensely in the market.

In this article, we list the top Airbnb rental management companies in Thailand, explaining their services and key features. Let’s get started.

1. Breezybnb

Breezybnb is a leading Airbnb rental management company that operates in plenty of countries in the APAC. The company has received many testimonials who are satisfied with the rental management by the company.

The company has offices in the following locations, making it one of the biggest providers of Airbnb rental management services in Asia: Continue reading Top Airbnb Rental Management Companies in Thailand: An Overview

Top 8 Furniture Stores in Bangkok: An Overview

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Bangkok is the most-visited city in the world and many foreigners live here temporarily or permanently. Property investors also see the need to purchase furniture for their units, no matter if they rent out or live in them.

In this article, we list some of the most popular furniture brands in Bangkok, explaining their history, products, and locations. Let’s start with one of the largest ones.

1. IKEA

IKEA needs no lengthy introduction as most people have visited any of its outlets globally. The concept is the same as elsewhere with the same assortment and inexpensive food and Swedish food products available. Continue reading Top 8 Furniture Stores in Bangkok: An Overview

Buying Condos in Bangkok: A Complete Guide

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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

Bangkok is the most-visited city in the world and has been a mainstay of the Southeast Asian economy and a center of Asian business for many years.

Being an “Alpha” city, it attracts everything from retirees, working professionals, families, and entrepreneurs.

To say that Bangkok’s property market has performed well in the past decade is an understatement. Despite rising prices, it remains one of the most attractive spots in Southeast Asia.

Before you engage in Bangkok’s real estate market, it’s important that you get your feet wet and learn the basics. Therefore, I have written this comprehensive article where I cover the most important topics.

Today, we review the following:

  • Bangkok’s Condo Market
  • Buying Condos Near the BTS (Sukhumvit Road)
  • Why is Bangkok popular among real estate buyers?
  • Bangkok Condo Prices
  • Property Listings
  • Real Estate Lawyers
  • Property Management Companies
  • Advice When Investing in Bangkok Property

Bangkok’s Condo Market

Bangkok’s condo market has flourished in the past years and prices in the central areas have increased in the multiples.

Notably, properties located along the BTS line in places like Asoke and Phrom Phong have seen the greatest price increases. The highest concentration of luxury properties can be found here. Continue reading Buying Condos in Bangkok: A Complete Guide

How to Buy Property in Thailand: The Ultimate Guide

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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 receives by far the most travelers in Southeast Asia and real estate prices in Bangkok have increased significantly in the past decade. Luxury condo units in the central parts of Bangkok can fetch as much as THB 500,000 per square meter.

While most investments are focused on the central parts of Bangkok, smaller cities and islands like Pattaya, Phuket, Hua Hin, and Koh Samui receive a fair share of property investors.

Learning about local buying regulations, taxes, and whether you can rent out properties are just examples of important topics you should learn about before engaging in the Thai market.

In this article, I explain how you can invest in residential real estate as a foreigner in Thailand, including the most important items.

Topics covered:

  • Can foreigners buy property in Thailand?
  • Buying a Condo in Thailand
  • Buying a Villa
  • Financing a Property in Thailand
  • Getting a Mortgage as a Foreigner
  • Getting an International Property Loan
  • Real Estate Taxes
  • Renting Out Property in Thailand
  • FAQ

Can foreigners buy property in Thailand?

Thailand has comparably strict ownership regulations by Asian standards. You cannot buy commercial property as an individual but have a few residential options available.

Foreign individuals are allowed to buy 49% of the units in strata-titled projects that are typically branded condominium projects.

Even if you can own strata-titled office units, the supply of these units is scarce and only a few projects available in the market.

Land ownership is restricted is restricted for foreigners, making the process to acquire villas and landed properties more troublesome.

With that said, you don’t necessarily need to own the land, but lease it. Continue reading How to Buy Property in Thailand: The Ultimate Guide

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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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

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