Investments

Russia continues to be a major player in Thailand's real estate market, maintaining its position among the top three investors alongside China and Myanmar. Despite a slight decline in transactions by Chinese and Russian citizens in Q1 2024 compared to Q1 2023, the overall transaction volume remains dominant.

The authorities of the Kingdom are preparing significant changes to real estate legislation. According to media reports, the Department of Lands in Thailand plans to present a bill to the Cabinet that would allow foreign property owners to extend the lease term on land to 99 years and increase the foreign ownership quota in condominiums to 75%.

In Bangkok, where skyscrapers have long become an integral part of the urban landscape, another architectural masterpiece is soon to appear. It promises to become a new symbol of luxury and elegance: the Porsche Design Tower Bangkok. Currently existing only as a project, this residential complex is already attracting significant attention from investors as one of the most anticipated and ambitious residential developments in Thailand.

The decision on which city is the best to buy property in Thailand depends on your goals. If you're purchasing real estate as an investment, it's best to choose popular tourist areas near the sea or central areas of Bangkok. These locations offer highly liquid properties and high rental rates, ensuring a quicker return on investment.

Making money through real estate investment in Thailand is not limited to Thai citizens; foreigners can also benefit. Compared to other investment options, purchasing a Thai apartment or house for resale or rental carries minimal risks. As Thailand is a popular holiday destination, there is always a high demand for both buying and renting real estate.

Thailand's real estate market has undergone significant transformation over the last decade. This shift is largely due to the urban development that brought new projects, increased supply, and heightened competition among developers to capture the interest of potential buyers.

What challenges did the market face, and what changes followed? This article delves into how the situation evolved and what we can expect in the next ten years.

When purchasing real estate abroad, it's essential to understand all associated taxes in advance. Each country has its own property tax regulations. Investors who plan to rent out or resell properties should also gather information on income taxes.

Are you considering purchasing property in Thailand? What is the minimum amount required to buy real estate in the Kingdom? Let’s explore this question further…