Are you looking at moving to Thailand and making some ground-breaking success in real estate? Here is a stint of investment cheats that will make you consider properties for investment in Thailand, carving a niche for yourself in a country where even foreigners are given the opportunity to thrive.
The question is, where?
Thailand is located in southeastern Asia and shares borders with the Gulf of Thailand, Cambodia, and Laos to the east, Malaysia to the south, and Myanmar (Burma) to the north and west. It is wholly within the tropics and encompasses a myriad of ecosystems. Thailand is an ideal holiday destination, and it would also be even better to live and invest in real estate there.
Thailand is a fertile land to consider when thinking about investment in real estate. The country offers so many visibly tangible reasons to invest in real estate. Top of the list is that the government imposes no general property taxes in Thailand. This is a welcome development for so many, especially those who are looking to make real-time investments in real estate. Additionally, the real estate prices in Thailand are very juicy and enticing, thereby guaranteeing owners excellent rental yields in contrast to other foreign countries.
Juicy locations in Thailand for investors
In this article, you will be provided with the indices to look out for as well as a guide on what and where to look in your quest to invest in the very lucrative areas of real estate in Thailand.
- The City of Phuket showcases Phuket’s latest and fast-selling low-rise luxury condominium, located near Central Festival Phuket, the heart of Phuket Business District. This area avails investors the luxury of many transportation routes and world-class facilities to aid quality living. Further, there are a variety of accommodation types and natural attractions to keep you fixated on the rare beauty that conceptualizes Phuket. The origin of this design captures PEARL LUXURY, inspired by the Andaman pearl, which is characterized by pure beauty. The best places to invest in real estate in Phuket include but are not limited to Muaeng, Surin, Thalang, Bang Tao, Patong, and Kata & Karon. Hurry now and be one of the lucky ones to lock down investment in Phuket.
- Pattaya is one of the most sought-after and highly lucrative locations for outright purchases and other forms of investment in real estate in Thailand. It is a tourist site that has a beach resort not too far from Bangkok. Highly built up and developed, this touristy beach is very affordable as there are sprawled across its length and breadth, many hotels in varying price ranges, notorious for its sandy beaches, renowned islands, pulsating nightlife and irresistible Thai cuisine, beautiful climate and nature. This attribute is a plus to the general feel you experience in the area. For those who are keen on the hospitality sector, this is one area in Thailand that you cannot let go. Take advantage of it.
- Koh Samiu is located in Bophut. It is a developing, well-liked, and prime area in Thailand with projects like resort-style facilities and boasts of attractive rental programs for owners. Why will you not own your own space in this paradise?
- Bangkok is renowned as Thailand’s economic hub and one of the best places to invest in real estate. With an estimated population of eight million, Bangkok offers huge prospects and real-time value to both local and foreign investors, whether as homeowners or as investors. Here are core places to avert your minds to for investment in real estate in Bangkok: Nana along Sukhumvit Road, Sathorn, The Riverside, Ekkamai along Sukhumvit Road, Asoke along Sukhumvit Road, Thong Lo along Sukhumvit Road, On Nut along Sukhumvit Road, amongst other locations.
Caveat for new entrants
Note that foreigners cannot legally own land in their names in Thailand. This connotes it is impossible to buy a freehold property just like you can in the United Kingdom and other places. However, there exist a few viable alternatives you can explore. This is perhaps the notoriously feasible option available for foreigners who are interested in investing in Thailand’s real estate. Own a property without owning the land on which it stands. In doing this, there is a vital need to liaise with reputable local help coupled with the services of a sound solicitor in order to circumvent the likelihood of falling victim to scammers or fraudsters. Note that the sector is not as tightly regulated as it is in the United Kingdom.
The viability or otherwise of investing in real estate in Thailand
According to Thailand-Real.Estate one of the major high points or benefits of investing in Thailand is the relatively low cost of living. At approximately 30 percent lower than it is in the United States of America, this ratio makes this country a very catchy option for investors. Additionally, the prices of properties are relatively lower than one would get from other neighbouring regions. Secondly, the prices of properties in Thailand are also relatively low in comparison to other countries within the region. The Return on Investment is higher considering the above two indices, and this makes it a welcome development for prospective investors. Further to these, for the past few decades, Thailand’s economy is been steadily growing, and this translates to a good return on investors’ investments. Culturally, Thailand boasts a very robust, vibrant, and rich cultural heritage. This makes it an attractive investment option for those who desire to experience other cultures while making investments in foreign countries. Thailand also has a steady rental market. This is mainly an incentive for those who are looking at generating income from their investments. The fact that the country is largely touristy is a plus in this regard as there is a large influx of tourists as well as expats, allowing investors the opportunity to generate steady income from their investments.
