If you are planning to buy a Thai condo for short term and long term gains then this is the right time to invest in this kind of property as the demand is high and several real estate companies offer condos for sale in Thailand. Owning a condo in Thailand can fetch you good returns in form vacation rentals as many travellers prefer to stay in a condo offering all modern comforts and amenities.
They are cheaper as compared to luxury hotels and provide services like 24-hour security, clubhouse, gym, spa and swimming pool. Most of these condos are strategically located near the shopping areas and restaurants so you don’t have to commute long distances for your daily needs.
Buying a condo in Thailand has several advantages as you get to experience the tropical climate which is pleasant throughout the year and renting a condo to the tourists is a highly lucrative business. Thailand condos command a good rental value as they are boutique properties with quality interiors. All you have to do is furnish it well and stock it with the latest electrical appliances for a comfortable living.
Thailand is famous for its Spa treatments and several visitors want to hire a condo in Thailand for availing Spa therapies from the comfort of home. This has resulted in an incremental sale of condos in Thailand. If you are looking for a Bangkok or Phuket house for sale then consider buying a condo which will offer a better return on investment and appreciate over some time.
Several real estate websites in Thailand offer excellent condos for sale in different parts of the country. For better returns, you should consider buying a condo with proximity to the beach and shopping areas as they are preferred by the travellers who want to spend quality time in the property without travelling long distances. Also, make sure transportation is easily available.
Buying a condo in Thailand is a better option as it gives full ownership rights to the buyer. The cost of living is quite low in Thailand as compared to western countries, therefore, lots of people prefer to spend their post-retirement life in the serene environment of Thailand. Many real estate agencies in Thailand cater to the housing needs of retirees by offering them apartments and condos at reasonable prices. The real estate is volatile by nature but over the years the property market in Thailand has stabilized and shown steady growth with less volatility.
If you choose a Phuket condo for sale in Thailand which is in a good location, you can expect a good return on investment. Purchase a condo at the lowest possible price in the desired location and furnish it well. A well-maintained condo in Thailand has great long-term viability and you can reap good benefits by renting it as a holiday home.
For better returns, it is advisable to invest in upcoming areas or tourist locations outside of Bangkok. The real estate market in Thailand is booming and you can easily expect 6% yields on rental properties. The country is undergoing aggressive urbanization and savvy investors are going to benefit from investing in a condo in the right location of Thailand.