Are you thinking about buy real estate in Thailand for foreigners? Is now the right time? Let’s consider this issue in more detail.
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Price increases shortly
In 2023, the price of apartments in Thailand will increase. Since the new year, new state prices for land and buildings have been in force, on average 8.93% higher than in the previous period. These prices will remain for the next three years. Also, the cost of real estate will be affected by an increase in prices for energy, building materials, and the cost of work. Property prices will rise slowly as developers curb growth to attract customers. So, if you have been thinking about bribing real estate in Thailand, now is the time to take action.
Apartment for holidays at any time
You won’t have to think about finding an apartment during your stay in Thailand! At any time, you or your friends and relatives can come to Thailand and enjoy your vacation with the feeling that you are at home.
Having a home in Thailand allows you to spend your holidays only in this country! From Thailand, it is very convenient to travel throughout Asia. After all, the airport in Bangkok is the largest transport hub in Asia.
Pros of owning property in Thailand in 2023
- Long-term visa
Investing in the country’s economy makes it possible to obtain one of the types of long-term visas. This will give you the right to stay in the country for a long time without traveling outside of it to renew your visa.
- Foreign bank account
When buying real estate, it is easier to open your bank account and get a Thai bank card. On a tourist visa, this will be much more difficult, and you will only have access to some bank services. Thai debit cards can be used worldwide and for payments in any online store.
- Passive income
You can rent out your property in Thailand and receive good passive income. The return on investment in real estate is up to 8% per annum, which is a very good indicator.
You can rent out your apartment yourself. You can look for long-term tenants or rent out housing only when you are not there.
Condominium management companies and developers often offer to sign a rental agreement with a guaranteed income. In this case, the profitability will be slightly lower, but it will be there in any case, even if the apartment remains idle without a tenant for some time. In this case, you will not need to consider paying utility bills and taxes; your principal will do everything.
- Apartment for holidays at any time
You won’t have to think about finding an apartment during your stay in Thailand! At any time, you or your friends and relatives can come to Thailand and enjoy your vacation with the feeling that you are at home.
Having a home in Thailand allows you to spend your holidays only in this country! From Thailand, it is very convenient to travel throughout Asia. After all, the airport in Bangkok is the largest transport hub in Asia.
Main attractions of Thailand
Erawan Waterfall
Erawan Falls in Kanchanaburi province is the most beautiful waterfall in the kingdom, located in the territory of the National Park of the same name. There is not just one waterfall; there are several cascades at different levels, one of which resembles the shape of a mythical elephant with three heads. Erawan looks especially impressive during the rainy season: water flows down in multi-colored streams and its color changes from azure to emerald.
The cost of visiting is 300 baht for adults and 200 for children. Bus No. 8170 runs from Kanchanaburi City Station to the attraction; for an independent trip, choose route No. 323, then turn onto No. 3199. From Bangkok to Kanchanaburi, you can take buses No. 511,79,556,201; boarding is from the bus station in Thonburi.
Khao Yai National Park
UNESCO protects the oldest national park in the kingdom and is one of the five best nature reserves in the world. And its area is 2168 square km. Thousands of travelers come here to wander the hiking trails and admire the high mountains, ancient rainforests, picturesque lakes and waterfalls, wildlife, and unusual plants.
Khao Yai contains 300 species of birds and 20 species of mammals, including animals such as elephants, Himalayan bears, gaurs, bears, tigers, and others. Most representatives of the flora and fauna are endangered species listed in the Red Book, so they are used to treating the inhabitants here with care, and the living conditions meet all the needs of animals and birds.
Entrance to the park costs 400 baht for adults and 200 for children. Khao Yai is located 200 kilometers from the capital of Thailand. You can travel independently from Bangkok by train or bus: first to Pak Chong and in the center, take a songthaew to the reserve, or book an excursion with a transfer.
Prasat Hin Phimai
This is one of the ancient Khmer temple complexes of ancient Thailand, built around the 11th century. Prasat Hin Phimai is an example of traditional Khmer architecture: the structure is made of sandstone, bricks and laterite, many roofs are in the shape of a lotus, the largest peak is in the shape of Mount Meru, all buildings are surrounded by a wall. The ancient monument of Khmer culture is perfectly preserved; its uniqueness lies in the fact that the building originally combines Buddhist and Hindu traditions.
Assistance in purchasing real estate
On the website of the Thailand-Real.Estate aggregator, you can learn more about the available offers on the Thai real estate market. The site is designed to make searching for real estate more comfortable and faster. If you contact the aggregator’s managers, they will help you choose the ideal property in any city in Thailand. Experts will answer all your questions and give valuable advice. Contact specialists now and be closer to your dream!
