Investing in any kind of property makes good sense especially when you’re almost sure to make a profit when it comes to selling it. Property investment in Thailand is a good step towards buying a property which is very affordable as well as being easy to rent out and finally sell.
Many expats relocate to different parts of Thailand as a result of having a holiday there and feel it’s more economical to buy a condominium, house, villa or apartment rather than renting somewhere. However it should be pointed out that westerners are unable to buy property or land unless it’s a condo. The only way to be able to purchase property is to have it in a Thai person’s name.
The following are some of the top five reasons why buying property in Thailand makes good sense.
- Property in the north of Thailand is far cheaper than it is in the south. Chiang Mai, Chiang Rai, Mae Sai or Mae Hong Son are just a few locations where you can find amazing houses, condos, flats, villas and apartments for a bargain.
- If you prefer to live in a beach resort such as Phuket, Pattaya or Hua Hin, property here is a little more expensive. Property investment can only be a good option when you know it has been well built, is in a good condition and will sell quite quickly.
- Investing your hard earned cash in property will benefit you and your family. Instead of money languishing in a bank probably not making much interest, buying property in Thailand is definitely a viable alternative proposition. Most property prices rise in tandem with inflation. Thailand is a very affordable country to live in which encourages many Thais and expats to invest in property. This gives investors the opportunity to lead an even more fulfilling life especially with rent coming in each month from their investment.
- Think of the many visitors who come to Thailand each year. Instead of reserving a hotel room many are now renting properties so they can come and go as they please. Don’t forget to advertise your property via an online real estate agent to get the best possible rental deal on your investment.
- Buying one or more Thai properties to rent out gives you the opportunity that guarantees a steady income. Property prices in Thailand are generally well within most people’s budgets so there’s every possibility you can comfortably afford to buy a villa, bungalow, condo or apartment.
