Sourcing Great Deals on Real Estate for Sale in Thailand
With outstanding weather, affordable property prices that offer great returns and an extremely comfortable lifestyle to enjoy if you decide to call the country home, it’s no wonder why many foreign property buyers have focused their attention on Thailand, known warmly around the world as the ‘Land of Smiles’.
Of the many parts of the country that foreign property buyers have taken an interest in, like the seaside resort town of Pattaya a couple of hours east of the Thai capital Bangkok, Phuket in the Andaman Sea in the south and the island of Koh Samui in the Gulf of Thailand, the popular seaside resort towns of Chaam and the better known Hua Hin, which are also on the Gulf though much closer to Bangkok, are the areas this article will focus on.
Why buy property in Thailand?
There are a number of reasons why foreign property buyers purchase property in Thailand, and not only because of its outstanding climate and weather or its affordable and comfortable lifestyle, but also because of indicators which illustrate just how outstanding the opportunities for property investment in the country are.
Firstly, the fact that a third of the Thai population is between 24 and 44 years of age indicates that the domestic property market will continue to grow well into the future, secondly, the Thai property market is seen by many experienced property investors as being in its infancy stage, which means that there are plenty of investment opportunities and thirdly, due to the affordability of Thai property foreign property, property buyers can afford to buy property in Thailand that they wouldn’t have been able to afford elsewhere.
Those who buy a condo or house and rent it out receive excellent returns on their investment and many people buy a rental property in order to rent it out, pay it off and in the future, perhaps when they’re ready to retire, relocate to Thailand and enjoy a comfortable and extremely rewarding retirement, the kind of retirement that they wouldn’t have been able to afford had they remained in their native land.
This is far from being the only reason that explains why so many foreigners have bought property in Chaam, Hua Hin and areas nearby, as many foreigners have Thai families or live and work in Bangkok and look to places like these for holiday homes due to their close proximity (just 2 hours drive) from the hustle and bustle of the capital, which is a city you’ll want to escape from on occasion.
Condo, house or land?
Foreign property buyers have a wealth of options pertaining to buying property in Thailand, most notably condos, houses and undeveloped land, plus there are some excellent opportunities afforded to foreign property buyers who make the most of their numerous options where Thai property is concerned. Due to the number of opportunities that are waiting to be capitalised upon it’s certainly advantageous to explore these before making any decisions, though having said that most property buyers know exactly what they’re looking for and therefore concentrate on buying a condo, a house or a plot of undeveloped land, of which there is plenty for sale, in the areas around Hua Hin, such as Chaam, Khao Takiab, Khao Thao and Pranburi.
Sourcing Thai property: What’s the best way to source a suitable property?
The best way to source Thai property is to use websites, like this one and those linked to this website, that promote a wide array of outstanding property in a particular area, like Hua Hin for example. It is also worth mentioning that the websites you use should be concerned with a particular area or region, like Hua Hin and nearby areas, as this makes it easier for you to gain a better understanding of what is available in that area, plus it just makes the process of sourcing a suitable property much easier as there really is so much real estate for sale in Thailand and nobody wants to spend hours trawling through websites in order to find property in the area they’re looking at buying in.
You’ll also benefit from having access to the experience and knowledge of real estate agents in a particular area or region, since you’ll find that having access to their knowledge of the area is very advantageous, plus due to the complexity of Thai property laws concerning foreign ownership you’ll also want to discuss your options pertaining to this, especially if you’re buying a house or land.