Condo for sale in bangkok

How much does a condo cost in Bangkok?

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Can a foreigner buy a condo in Bangkok?

Foreigners are legally able to purchase up to 49% of the registrable area of a Condominium Project (Foreign Quota). The remaining 51% can only be owned by Thai nationals or Thai entities. Therefore foreigners looking for a straightforward and hassle free property in Bangkok , is advised to consider buying a condo .

Can foreigner buy a condo in Thailand?

Under Thai law, up to 49% of the unit area of any condominium may be owned by foreigners . Provided the requisite Thai -owned percentage within a given development is maintained, a condominium unit can be fully and legally titled in the name of a foreigner .

Can foreigner buy apartment in Bangkok?

Foreigners are not allowed to own land in Thailand by law. If interested in buying, a foreign investor has two options: either a 30-year leasehold or purchasing the property through a limited company. Apartments can be purchased by foreigners as long as at least 51% of the building is owned by Thais.

Why buying a condo is a bad idea?

Buying a condo for investment is much more affordable than single-family homes and generally score higher rental income. However, with that said, condos often appreciate in value much slower than single-family homes. This is because you don’t own any land, which is a key factor to increase or appreciate a home’s value.

Is buying a condo in Bangkok a good investment?

Buying a condo in Bangkok can be a good investment . A simple studio,1BR can cost about 2.4MB t 3 Million Baht minimum. That can be rented for about 13–16,000 baht per month. a good location will ensure a high rate of occupancy and higher demand which lead to increase in value.

What is a good salary in Bangkok?

Average wages in Bangkok is pretty high compared to other areas of Thailand. Currently, the average wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD. Bangkok has some of the highest average salaries among ASEAN members capitals.

Where do the rich live in Bangkok?

Areas in central Bangkok such as Chidlom, Langsuan, Ratchadamri and Sala Daeng are considered prestigious addresses where many billionaires invest in real estate to add to their collection, or to make a profit in the future.

How much is a condo in Thailand?

In terms of new condos, the starting price for a one bedroom, 22 sq meter property is around 1 million Baht (45,000 THB per meter squared). This would be the price of a basic condo away from the BTS / public transport and built by a developer such as Lumpini.

Are condos hard to sell?

Condominiums can be a good investment for the right buyer in the right location when times are tough , though they can be harder to buy and sell than a detached house. Before purchasing a condo , be sure to do your due diligence and check out the HOA, CC&Rs, and any tax and insurance situations.

Where is the cheapest place to live in Thailand?

Chiang Mai is such an affordable place to live you can honestly live in Chiang Mai on $10 a day. That must be why there are 20,000 westerners retired and living in Chiang Mai because it’s so cheap to live there.

How much money do you need to live in Thailand for a year?

You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time.

Can foreigner buy apartment in Thailand?

Foreigners cannot buy land in Thailand , only condominium units and apartments . However, a foreigner can buy a whole building, minus the land on which it is built. In recent years, minor changes in Thai law have allowed nonresidents to explore the Thai real estate market.

Can foreigner buy land in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand . Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.

Can I live in Thailand if I marry a Thai?

You can apply to live in Thailand long term if you are married to a Thai or if you have a Thai child or children. The marriage visa for Thailand is issued at a Thai Embassy in your home country and it is normally issued as a single entry visa and valid for 90 days once you enter Thailand .