|Type||Price per Square Meter|
|Luxury||180,000 – 250,000 baht|
|High End||100,000 – 170,000 baht|
|Mid Market||70,000 – 100,000 baht|
|City Condo||Lower than 70,000 baht|
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 .
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 .
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 .