Property Investments in Thailand 2022
If you are looking to buy a property in Thailand, you should consider a few things. First of all, you want to invest in a prime location. Thailand has many beautiful locations that are perfect for property investment. You can buy a property in Hua Hin, Koh Samui, or Chiang Mai. All of these locations offer attractive price points and are growing in popularity. Second, Thailand is the home of many homegrown conglomerates that are thriving.
Buying Property in Hua Hin
If you want to buy property in Hua Hin, Thailand, you should keep in mind that the future is bright for this area. With a new international airport set to open in 2022, Hua Hin is well connected to all corners of Thailand. Furthermore, the city offers many outdoor activities, such as diving and snorkeling. The town is also home to several championship golf courses, which makes it an ideal destination for golfers and those who enjoy the sport.
As new supply has entered the region, prices are beginning to rise. In Hua Hin town, land prices are as high as 150 million baht per rai. But as the world returns to normal, Hua Hin property prices will skyrocket. International financiers are still active in the high-end segment of the real estate market, but the mid-range area is showing a healthy uptake.
Buying Property in Koh Samui
If you're thinking about Purchasing Property in Koh Samui, Thailand, you've come to the right place. While it's still not as popular as Phuket and Pattaya, the Samui market is of good quality. Its smaller size and lack of mass residential development make it an attractive option. Unlike Phuket and Pattaya, the Samui property market is boutique and modern.
In addition to a healthy housing market, Thailand's real estate market is projected to remain steady in the years to come. The government of Thailand is working to attract more foreign professionals to the country, which is expected to bring 20 billion US dollars in the next few years. While condominiums may be social, villas offer more privacy and a lower price tag than condos. Moreover, Thailand's economy is one of the fastest growing in the world, and real estate prices on Koh Samui will continue to rise despite the global recession.
Buying Property in Chiang Mai
Buying property in Chiang Mai, Thailand is not an easy task. While foreigners are welcome to purchase condos in the area, they are required to have a valid Thai entry permit or extension. In addition, they should have a valid passport as proof of identity. Foreigners are required to pay property tax on the value of the property, which is due in 2020. Foreigners can purchase condos in Chiang Mai for around $20,000 - $320,000.
Purchasing a home in Chiang Mai today may be cheaper than in 2022. The rental market is more vibrant than in Bangkok and condos in Chiang Mai cost half the price of the equivalent Bangkok condos. Moreover, buyers will have the option of buying any type of property in the city, from luxury to budget condos. Chiang Mai is home to many types of condominiums, and buyers will find the ideal one for them.