Reasons Which Will Persuade you to Buy Property in Thailand?

Property can be a tricky market to invest in. That is the most common thinking of people around the globe. Not just that, there are other complications that play an important role in making people run away from buying a property. Thailand property is open for the globe and considered as one of the most versatile property markets of the world. With Bangkok at its centre, it is the best investment site when it comes to property investment.

Have look at this stats which clears a lot of you why Thailand is considered as the best site for investing in property.

GDP by country – World -2017

Rank Country USD Bin
1

2

3

4

5

6

7

8

9

10

11

16

27

34

37

39

47

70

95

25

United States

China

Japan

Germany

United Kingdom

France

India

Italy

Brazil

Canada

Korea

Indonesia

Thailand

Malaysia

Singapore

Philippines

Vietnam

Myanmar

Bahrain

South Africa

17,947

10,866

4,123

3,356

2,849

2,422

2,074

1,815

1,774

1,551

1,378

862

395

296

293

292

194

65

32

597

Source: World Bank, World Development Index Database

Corporate Governance

Rank 2007 Score 2010 Score 2014 Score
1

2

3

4

5

6

7

8

9

10

11

Hong Kong

Singapore

India

Taiwan

Japan

Korea

Malaysia

Thailand

China

Philippines

Indonesia

67

65

56

54

52

49

49

47

45

41

37

Singapore

Hong Kong

Japan

Thailand

Taiwan

Malaysia

India

China

Korea

Indonesia

Philippines

67

65

57

55

55

52

48

49

45

40

37

Hong Kong

Singapore

Japan

Thailand

Malaysia

Taiwan

India

Korea

China

Philippines

Indonesia

65

64

60

58

58

56

54

49

45

40

39

Source: Asia Corporate Governance Association, September 2016

What Do We Learn From These Statistics?

There are many things which are clear just by glancing at these stats. Let’s have a look at these pointers before you make any Thailand property related decisions,

  • The official employment rate is high as the unemployment rate is stated to be 0%.
  • From the above table you can see that with the ease of a business, Thailand ranks 26th globally which is quite impressive.
  • 800 Billion THB of Foreign Direct Investment.
  • It is the new hub for e-commerce and start-ups.
  • A very low tax on property transaction, and low tax on capital gains as well.
  • A highly moderate and tolerant religious and social environment.

There capital Bangkok is one of the most preferred city to live and property investment. Why so? There are many reasons. Below are top five reasons that will persuade you to invest in property in Bangkok.

5 Reasons To Purchase Property In Bangkok

Let’s have a look at these enticing reasons for buying property in Bangkok.

Fastest-Growing City

Bangkok is ranked in top 10 emerging cities of the world by many researchers conducted by real estate research firms across the globe. In the previous year, as of now, they have expanded mass transit lines such as MRT Subways and BTS Skytrain, there are loads of many infrastructure developments. The capital investors see Bangkok as the prime source for the investment in Real Estate.

It is the heart of ASEAN

Geographically, Bangkok is at the centre of ASEAN which makes Thailand as the largest growing economic market. It also serves as the gateway to Southeast Asia with the seventh largest airport of the world Suvarnabhumi International Airport and Don Mueang International Airport.

The location of the Bangkok city is quite hysterical and strategic by nature. This attracts loads of foreign investors to throw money on the property market of Thailand. This has ensured a hike in the property market of Bangkok in ways you wouldn’t have speculated.

Investment Opportunities Are Ample

With an inward flow of AEC (ASEAN Economic Community) coupled with the Thai’s government’s 2.2 Trillion THB transportation infrastructure investment to turn Thailand into an AEC logistics hub. This is one of the biggest reason for the constant growth of Thailand property. This growth is steadier in the inner city locations and breaking records every coming year. If you are looking to purchase a property in Bangkok, the time is quite ideal as the high-end residential properties are lower than that of Hong Kong, Singapore and Taiwan. You can get a lucrative profit out of this if you are looking for a long-term investment.

A Friendly Thai Property Law

A foreigner is allowed to purchase a condominium in Bangkok and other regions of Thailand due to the Condominium Act, B.E. 2522 (1979). After the purchase, the foreigner will get the same title deed as the Thai resident owner, with the details regarding the land of the condominium, the owner’s name, the unit and the official seals from the competent authorities. A freehold condominium is always preferred by the foreign buyers which are decorated with 100% ownership of the foreign national.

A Legend In Charms

In spite of being so developed in advanced technology, Bangkok still retains all of its authenticity which can make you feel like to stop and make your life like an endless holiday trip. You can enjoy the river ferry, delicious street food at the winding alley, unique cocktails, stress-relieving spas, awesome shopping malls, a beach getaway or an exotic long drive to other major cities. So, you can do a lot of things here in Bangkok, Thailand.

Conclusive Remark

So, these are the reasons which can persuade even a stone to go for property in Thailand. For a quick flashback, you can have a look at the summary given below,

  • The capital investors see Bangkok as the prime source for the investment in Real Estate.
  • The location of the Bangkok city is quite hysterical and strategic by nature. This attracts loads of foreign investors to throw money on the property market of Thailand.
  • The growth is steadier in the inner city locations and breaking records every coming year. If you are looking to purchase a property in Bangkok, the time is quite ideal as the high-end residential properties are lower than that of Hong Kong, Singapore and Taiwan.
  • A foreigner is allowed to purchase a condominium in Bangkok and other regions of Thailand due to the Condominium Act, B.E. 2522 (1979).
  • In spite of being so developed in advanced technology, Bangkok still retains all of its authenticity which can make you feel like to stop and make your life like an endless holiday trip.

What do you feel about the property in Thailand? Share your experience with us in the comments section below.


Author Bio

This post is written by David Lane. He was born and raised in Thailand. He is working as a Realtor for Thailand-property, Offering best property deals to their clients. David is praised most often by clients for his expertise in property in Thailand, enthusiastic approach and unwavering loyalty. Apart from this, David loves to do fly fishing, sporting clays and play golf.

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