Many people, having visited Thailand once, fall in love with this country and want to move there for permanent residence or travel there regularly in the winter. The main question becomes real estate: is it better to buy your home or rent?
Pros of Buying Real Estate
When purchasing your property:
- no need to look for real estate every time;
- the owner will not be able to ask to vacate the apartment or house suddenly;
- the owner will not be able to increase the rent;
- owners often do not return the deposit for renting an apartment (which is about 2 months of rent);
- you can make renovations to suit your taste;
- you can leave things in your home and carry huge suitcases every time;
- Real estate prices in Bangkok and throughout Thailand. After all, a small apartment or house can be bought for less than 3 million baht;
- You can rent out your property and receive passive income.
The main fear when buying houses in Thailand for expats is the high cost of maintaining the property. Property tax in Thailand is very low, up to 0.1% of the assessed value.
If you don’t want to live in your house anymore, you can always rent it out and receive passive income! Possible rental income in Thailand is more than 7%. Bangkok is a city with high potential that continues to grow and develop. It deserves attention when looking for real estate for investment. And in resort regions, tourists are always looking for housing to rent, so there will be plenty of tenants.
You can rent your property all year round or only when you do not live there.
An apartment or house can be bought for less than 3 million baht. The monthly rent for a small apartment in the centre of Bangkok is about 18 thousand baht.
Disadvantages of Buying Real Estate
Of course, there are also disadvantages.
If you buy an apartment, you will be tied to a specific region of Thailand. Therefore, it is best to try living in several cities before purchasing and deciding which one is best for you.
It will be necessary to pay taxes, although low. Also, pay rent, which is paid by the owner when renting.
The need to make repairs.
List of the Most Popular Attractions in Little Paradise
1. An island called Poda
This small island is located off the west coast of Thailand. About eight km from it there is a beautiful beach. The Pod is about 500 meters wide and 1000 meters long! This is a lovely beach where Emperum Astana tourists can play beach soccer with their children, swim in clear water, and bask in the warm sun.
This is one of the longest beaches on the island of Phuket – about 3000 meters. 40 km from the beach, there is an international airport, and on the other side, at a distance of 20 km, there is a city with the name of the island itself. This beach is also appreciated for its beauty. In addition, it is very popular among Emperum tourists.
It is Phuket island’s most popular, crowded, and extensive beach. This is quite a bright and beautiful place.
Ayutthaya is a UNESCO World Heritage Site and is now part of the modern city of Ayutthaya. The place is very beautiful and colourful. And according to reviews from the Emperum Almaty company, there will be something to see there.
5. Grand Palace of Bangkok
Previously, this place was the residence of the kings of Thailand since the 18th century. Now, it can be called a museum, which is located in Bangkok.
6. Nong Nooch Tropical Park
This park is located not far from Sukhumvit Road, approximately at the 160th kilometre, in Chonburi province. Its size is 600 acres. Among them are many local attractions and botanical gardens.
7. Big Buddha
It is the seventh tallest statue in the world, the second in Southeast Asia, and the tallest in Thailand. This is none other than the Big Buddha. He is also known as the Big Buddha of Thailand, Phra Buddha Maha Navamin, and Mahaminh Sakayamune Visaichaicharn.
8. Siam Park City
A world-class amusement and water park in Khan Na Yao in Bangkok, Thailand. It was founded in November 1980 and remains the oldest amusement and water park in Southeast Asia. The park is well known for its proximity to Bangkok Suvarnabhumi Airport and is home to some of Thailand’s most prominent attractions. One of them is Southeast Asia’s first 5-inversion suspension slide, a 7-story water slide that was once one of the tallest in the world. It was the beginning of the 80s and the largest wave pool on the planet.
Children will like this amusement park.
This historical monument with many unique temples is located 12 kilometres from the modern city of Sukhothai. Previously, it was the capital of the medieval kingdom of Sukhothai, the capital of the province of the same name.
Help With Purchasing Real Estate
Buying or renting real estate is up to you. Buying real estate has pros and cons—real estate specialists from the Thailand-Real.Estate aggregator will help you find the ideal property in Bangkok or any other region of Thailand today. They will tell you about all the nuances and recommend the best property. Many years of experience working with real estate in Thailand help specialists find the ideal housing to suit your needs and budget. Managers will show that buying property abroad is not a complicated process accessible to everyone.