Sale and rental of real estate Thailand

Purchase and rental of real estate in Thailand in recent years has acquired a lot of myths and misconceptions.

Myth 1 Property in Thailand is very cheap.

This is a very common misconception. Yes, 10-20 years ago a house in Thailand was relatively cheap and furnished apartment on the beach can be bought for 30-40 thousand dollars. However, in recent years, interest in the country has increased dramatically and the level of housing prices too. Now the cost of such housing starts from 1500 dollars on the secondary market and from 2,500 – if you plan to purchase a property in the building.

Myth 2 Property in Thailand is getting more expensive by 20-25% per year.

It is the second most common myth. However, just a myth, because this was not in Thailand ever. 90% of the purchased real estate there is used for its intended purpose - to live in it or rent. The housing market initially was not speculative, so the last years the prices here if and grow, but quite slowly . So, the cost of apartments in condominiums with sea views in areas equipped with infrastructure, increasing just 3-5% per year in national currency.

Myth 3 Housing in Thailand is better to buy at the initial stage of construction

And that statement is not true. Is widespread developers initially greatly inflate the prices of their objects, and then arrange a "marketing ploy" - a sale with big discounts. So often it turns out that the buyer of a facility, paid much less than the person who invested funds at the stage of pre-sales.

Myth 4. Apartments in new buildings of the cheaper apartments in the secondary market.

It is a widespread misconception. Many spend Association with Russia, where the apartment building is a simple apartment. In Thailand the same newastroyka involves not only the repair but also a fully equipped bathroom, air conditioning, furnished. That is why it is always more expensive than the counterparts of the secondary market.
However, recent years in connection with increased demand for housing in Thailand, there are new projects that differ acceptable price. Speech, certainly, goes about the houses, located at a distance from the sea is at a distance of 400-900 meters, however, and these areas are highly developed and have all the necessary infrastructure. The prices of old and new apartments are quite comparable. In addition, it should be remembered that the old houses are in the best locations, and the new are forced to take what was left. While the climate in Thailand is smooth, the control of the company very well care of their houses, so the big difference between the technical condition of the house and the new 10-15-year-old at home.

That is why before taking the decision to purchase housing in new buildings or in the secondary market - you should weigh all "for" and "against"

Myth 5 In Thailand, it is possible to earn a rent all year round.

Yes, in Thailand, the climate is equable, so many people think that there is a season lasts all 12 months.
It is not so. If we consider Pattaya, Hua hin or Rayong, the statement is true. But on Islands such as . On the Islands – Phuket, Koh Samui and Koh Chang is a distinct season lasts for 6-7 months. And the cost of renting in the "off-season" is reduced by at least 20, and often 40%.

There are other nuances.

Among the tenants of the maximum demand is for small Studio apartments, located close to the sea. They can be taken for short periods to tourists and to obtain the maximum yield. At home usually are away from the beach, therefore they give up for long periods to those who live in Thailand permanently. And long term rentals are always much below the short-term.</p>

Yes, there are many misconceptions about buying and renting real estate in Thailand. Nevertheless, housing in this country is in great demand and any property can serve as a good source of income.