Are you planning to move to Bangkok to pursue a career or begin a business? Check out the prices of real estate in Bangkok, Thailand, a South Asian city known for its old sanctums and attractive landscape.
Property prices in Bangkok
Bangkok is the capital of Thailand and a giant metropolis with a people of 5.5 million people. The capital offers its citizens a wide range of recreation: nightlife is in full swing here, clubs, bars, and restaurants work, and you can do night shopping. The city also attracts a high standard of living because it is the trade and economic center of the country, as well as the biggest aviation seat; besides, it is the largest in Southeast Asia. In terms of development, the capital of Thailand can easily compete with Singapore and Hong Kong.
Apartments in condominiums, townhouses, and villas represent the housing stock here. The city post is being vigorously built with new residential condominiums, offering future residents a well-developed infrastructure.
Since Bangkok is a passionate and stylish metropolis, most development consists of high-rise buildings. Apartments in flat towers are conditionally separated into three classes:
– Extra class – elite apartments with expensive high-quality finishes, partly provided.
– Middle-class – flats in high-rise buildings with high-quality finishes.
– Economizing class – apartments with an affordable finish located in a region with underdeveloped infrastructure.
The capital is the most expensive city in Thailand in terms of housing. The cost of 1 square meter here is, on average, $10,000. Therefore, you can buy a small apartment for about $500,000.
Prices in Thailand, Bangkok
Bangkok is Thailand’s capital, with a coastline along the Chao Phraya River and the Gulf of Thailand. It is a densely inhabited metropolis understood for its ancient sanctums and temples. Bangkok is known for its links to the royal family, religion, business, and tourism in Thailand. It is deeply rooted in art, history, and culture. It is known for attractions like the Grand Palace.
The capital of Thailand is even a fairly cheap city. In Bangkok, rent, meals, and utilities are reasonable. Bangkok can be a costly choice if you prefer a chic lifestyle. Real estate can also be costly because Bangkok is famous for visitors. This means that most of the property has been converted into houses and apartments that can be rented or turned into a hotel.
Bangkok is renowned for its links to luxury through business and real estate and its thriving tourism industry. Many companies have chosen to find offices in this lush city due to the attraction of international visitors. Thai is the primary language throughout the municipality, but due to its important international connections, you can come across many languages. English is the most common language in the main cities and tourist places.
Acquisition of real estate
In 2023, property prices in Thailand have not changed. They are still inaccessible to most Thais, but this is quite an acceptable level for Europeans.
Market analysis shows that it is foreign investors who are the main clients of real estate agencies in Thailand over the past five years – from 2017 to 2023.
You can buy an apartment in Thailand but forget the pitfalls
One of these may be the area of the apartment. In Thailand, real estate is measured completely around the entire perimeter, including the balcony. You should pay close attention to this before purchasing. You can ask for a plan of the apartment and ensure how many square meters fall exactly on the living area.
According to the legislation, in 2023, it is possible to buy an apartment only if the total percentage of apartments already purchased does not fall under foreigners’ ownership. In Thailand, only 49% of foreigners are allowed; if they already inhabit half of the multi-story building, buying an apartment in this house will no longer be possible.
When buying real estate, you must spend a deposit of 10% of the full cost of the apartment. The method of registration itself takes about two months. The peculiarity is that the legislation allows even renting out real estate developed by outsiders.
If you choose to purchase an apartment in Thailand for yourself or investment, we recommend that you consider housing in Bangkok as one of the most successful options. Use the Thailand-Real.Estate website to learn about all the benefits and get help in choosing an area that suits your needs and opportunities. Contact today to enlist the support of specialists in the selection of Thai real estate tomorrow!
