Thailand is home to beautiful beaches, mountains and archipelago. If you are a soul searching person, it is best to pick this place to meditate and possibly grow your investments. Plus, the food sold here is perfect for the palette with flavours that you are delighted to eat.
The locals of Thailand are happy to welcome you and make you feel at home. English is not a worry to the citizens. They can converse the language easily. They will delightfully accommodate you with using the English language.
In this lieu, going on vacation in Thailand is not suffice. You may make your time worthwhile by investing on real estate. Here are the reasons why tourists should think of buying property in Bangkok:
- Heart of ASEAN
As the heart of ASEAN, Thailand is known as the largest growing economic market. It has the entry for Southeast Asia, with the Suvarnabhumi International Airport (named as the world’s seventh largest airport) and Don Mueang International Airport. Bangkok is able to attract foreign investment and regional headquarters. The place has a city’s appeal, unique advantages and strategic location.
- Fastest-growing Country
Bangkok gained the ninth ranking in the top 10 emerging world cities. This was mentioned in a study on real-state consultancy. In the previous years, the city went thru a number for major infrastructure developments. There was construction of mass transit lines (like the BTS Skytrain and MRT Subway.) In Bangkok, business ventures oversee the core areas that pertain to the most promising investment opportunities. This is possible because of the presence of mass transit: Ari, Ploenchit, Ratchada, Phrom Phong and Asoke.
- Historical Charm
On top of rapidly advanced development, the city of Bangkok still bears its original charm, which makes life easier. You may use river ferry to eat brunch at a five-star hotel fronting the Chao Praya River. Visit the winding alley to eat street food. Drink a cocktail in the Sukhumvit. Enjoy spas with affordable prices. Shop local markets and big malls. Travel of town to have a beach getaway, with a 1.5-hour of drive. On the other hand, you can just stay at home, where you can enjoy amenities right at your doorsteps. This is even cheaper compared to other countries.
- Investment Prospects
With the arrival of ASEAN Economic Community (AEC) paired with the government’s 2.2-trillion-baht transportation construction, it has made Bangkok property to level up. This is particularly in the inner-city locations, where the rates are going higher each year. In a study, it was found out that the prices of newly constructed luxury condominiums at Bangkok boosted up to high levels, with THB 250,000 per square meter and still growing. It is the perfect time to invest in buying property in Bangkok, because the rates of high-end properties are still low today (in Taiwan, Hong Kong and Singapore.) It would benefit long-term investors.
- A Safe Thai Law
It was mentioned in the Condominium Act, B.E. 2522 (1979) that tourists are permitted to buy and own condominiums of up to 49% of the total space of all units. After buying a property, tourists will get the same title deed as a Thai owner would, which possesses the details mentioning the official seals from the competent authorities, land belonging to the condominium, the owner’s name and the unit. Purchasing a freehold condominium is more probable, which can be enjoyed by tourists looking for long-term investment with 100% ownership. Compared to other countries, this is a competitive rate.
It is nothing new that buying a property at Bangkok is popular among tourist’s investors. In this lieu, you have to commence on the property hunt as quickly as possible in order to get the best units in most favored best locations.