Where to buy a property in Thailand?
There are numerous locations in Thailand that are ideal for investing, and this can make it challenging to decide on the best place to buy a property. Some places make perfect locations because of the way of life and culture, while others will offer a better return on investment, due to more affordable prices.
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Bangkok
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Chiang Mai
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Krabi
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Koh Samui
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Pattaya
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Koh Phi Phi
Bangkok
Bangkok is the nation’s capital city and a regional business and tourism hub. The city is rich in culture with numerous temples and other landmarks that proudly boast the nation’s rich heritage. There is much to do, particularly at night when there is a wide range of entertainment to choose from.
While Bangkok’s traffic is notorious, it can often be avoided thanks to the impressive sky train and underground rail networks. The city is also home to numerous stores selling imported foods and other items for expats who need their home comforts. The medical facilities are among the best in the region.
Bangkok is far from the cheapest place to buy property in Thailand. If you can afford it, however, there are some great opportunities for investment to be found. Bangkok was recently the world’s most visited city and this, along with high demand from Thais and expats, the city makes a good place to invest.
Chiang Mai
Chiang Mai may be the best place to buy property in Thailand if you are looking for something on the quieter side. Although the way of life in the city is relaxed, there is still plenty to do with jungle, mountain, and river activities. As a university city, Chiang Mai also has no shortage of bars, pubs, and eateries.
The property market in Chiang Mai is fairly fluid, presenting some very good investment opportunities in the city. The prices in Chiang Mai are also reasonable and there are some very attractive properties to be found.
As a city that attracts a lot of visitors from elsewhere in Thailand and further afield, there is a lot of potential for rental properties in Chiang Mai. These include demand from local residents, long-term visitors from overseas, Thais looking for a quiet getaway, and the many university students.
Krabi
Krabi is one of the most stunning locations in Thailand, which is quite a statement considering all the country has to offer. It is not the cheapest place to buy property in Thailand, but it is more affordable than other locations.
Although Krabi is a popular short-stay tourist destination, it has not attracted long-term stayers in the same numbers as other places. Regardless, Krabi still has pretty much everything that anybody needs.
The property market in the Town is still considered to be in its infancy by many people as demand has not really taken off nationally or internationally. There is limited potential for a good ROI on rental properties when compared to other parts of Thailand, although there are some superb opportunities for people who are looking for a home in the area.
Koh Samui
Koh Samui is located next to Koh Phangan, which is the home of the famous full moon parties. Other events are also held due to the popularity of full moon parties, and nearby Koh Samui has become a popular place to stay for the party-goers. Koh Samui has a lot to offer in its own right and is a beautiful island to stay and visit.
Development is limited on Koh Samui to help maintain the natural beauty of the island. Limited supply and high demand only mean prices for Koh Samui property are likely to rise in the long term.
The potential ROI in the island is great, and investing in properties in Koh Samui might be a wise choice, largely because of the limited availability of properties, whether we are talking about condos, villas, houses or lands.
New businesses have also started moving onto the island in recent years, putting further demand on the island’s property market. For many people, Koh Samui is the best place to buy a property in Thailand, as well as being a wonderful place to live.
Pattaya
Pattaya is a coastal resort city located around 150kms from Bangkok and has a direct motorway link with the capital. Pattaya is one of Thailand’s major tourist attractions, which is partly because of its location to Bangkok, and partly because of its proximity to nearby islands like Koh Samet. The city itself also has plenty to offer and many people come for the city’s vibrant nightlife.
With proximity to Bangkok and major industrial centers, a lot of people consider Pattaya to be the best place to buy property in Thailand. The city is a great place to do business. It also has a growing property market that caters to residents of the city which includes a large expatriate population.
Pattaya is a city that has some great rental opportunities, and the rents are likely to increase as the city continues to develop.
Koh Phi Phi
Koh Phi Phi is widely considered to be among the most beautiful locations on the entire planet. It is a small island located not far from Phuket and is perhaps best known as being the setting for the location of the film: The Beach.
Real estate options on the island are quite limited, and the island relies heavily on tourism for revenue. Many people living on the island stay in very modest accommodation but there are luxury villas available for people who have the budget.
Property prices on the island are high by Thai standards and development is restricted. If you did have the opportunity to invest in property on the island, however, the exclusive nature of luxury property here has the potential to make a particularly good return on investment indeed.
This can make it the one of the best place to buy property in Thailand for people shopping at the higher end of the market.