Thailand is a country in Southeast Asia with a strong economy that is driven by a mixture of various industries such as agriculture, manufacturing, and tourism. With its strong economy, individuals are looking at investing in the country by purchasing real property.
While there are numerous compelling reasons why you should invest in Thailand, here are some of the few points that could help you make the decision to do a real estate investment in Thailand.
Strategic Location
Thailand has a strategic location in Asia. This country is also considered by experts as your gateway to the rest of Southeast Asia. The country is interconnected with other nations, making communication and transportation easier. With Thailand’s massive land area, you can strategically pinpoint an area that can work for you and invest there.
Booming Tourism Industry
Thailand is one of the most popular tourist destinations in Asia as it offers diverse tourist attractions ranging from historical sites to natural resources, as well as innovative technologies and entertainment.
With this booming industry, investing in real property in Thailand can give you a high return on your investment.
Increasing Infrastructure Projects
Aside from the historical buildings and cultural heritage sites, Thailand is also known for its increasing number of infrastructure projects, such as high-speed rail and expanded metro lines.
These developments keep Thailand at par with the other developing countries, making it a great place to invest in property since the area is not saturated.
Lifestyle Appeal
Thailand can easily feel like home. With its reasonable cost of living, relaxing climate, and efficient healthcare system, Thailand can appeal to any type of individual in search of a new home.
Real Estate Investment for Foreigners
With Thailand’s foreigner-friendly condo ownership, non-residents are able to own a real estate property in the country as long as only 49% of the building is foreign-owned. Through this national law, foreigners are able to invest in a condominium property in the country.
Taking the Next Step
With all the reasons mentioned above on why you should invest in a real estate property in Thailand, you should now be fully decided to take action. As you choose your property, you must be mindful of these factors and considerations so that there won’t be any complications in your investment.
Location
Based on your lifestyle and on your reason for purchase, decide on the location that works best for you. You can choose to live near the beach in Bang Tao, Phuket, or in Bang Saray, Pattaya—both options are ideal for those who want to live by the beach and be one with nature.
Property Type and Trend
As you select a property, identify the current trend in the country to be able to forecast market trends and types. By knowing this information, you will be able to clearly see whether your investment will not go to waste in the long run.
Legal Due Diligence
Before agreeing to any terms or paying any amount, make sure that you fully understand what you are getting yourself into to avoid issues in the future. Consult with a property expert and understand the terms of the company that you are looking to purchase the property from.
Learn local regulations as well so that you will be fully aware of the things that you are allowed and prohibited to do.
Property Management
Resources suggest that a good real estate investment involves having a great property manager. Partner with a company that has a similar vision to the one you have for your investment.
Managing a property is not an easy task; be with a company that is trustworthy and has a proven track record of delivering excellent service to its clients.
Partnering with NEBU
A company that should come to mind when you are thinking of investing in Thailand is NEBU. NEBU harmonizes living in luxury while being environmentally conscious. The company takes pride in helping its clients live a sustainable lifestyle and being a part of a vibrant community.
NEBU is also committed to providing spaces that showcase architectural brilliance while fostering connection and belongingness. Luxury does not mean isolation—NEBU is more than just your business partner; it is your bridge to living a well-balanced life. Invest in a real estate property with NEBU.
Schedule an appointment and jumpstart your journey of investing in a real estate property in Thailand!
