Thailand is fast becoming an amazing place for Indian investors concerning real estate investments. Several reasons are cited for its increasing popularity. In recent times, this country has been exhibiting steady and strong growth. The trend is likely to continue in the coming years. Land and house prices are increasing and so are rents. Thus, it offers overseas investors with excellent investment opportunities especially in the real estate sector.
Current trends in Thai economy
This country has been enjoying tremendous growth in recent years. It is also among region’s largest economies. In 2019, it was the 2nd ranking ASEAN country in terms of GDP. The reason is because of its position in regional trade. It also boasts of having modern infrastructure that includes sophisticated roads, airports, extensive rail network systems and seaports. It is this wonderful connectivity that has been providing business opportunities to those who wish to relocate here.
Affordable location
In 2018, this country was ranked as the 16th most affordable country to live in Asia. But actual living cost might vary depending from one person to the other. On an average, street food here costs approximately 1.50 USD/meal. It is quite affordable if you prefer local food. Even Indian foods are quite cheap there and the variety is sure to surprise your taste buds. You may check out Property For Sale In Thailand in any location of your choice.
Real estate investment as a foreigner
When property and business investments are concerned, Thailand does offer lots of opportunities. To make the most of such opportunities, Indian investors have been flocking to this country. You may even consider investing in luxury homes. Properties based in central Bangkok region as well as other in-demand locations are quite expensive. Moreover, rental properties are very much in high demand especially from tourists coming from all over the world.
Insight into Thailand’s property market
Housing price index can be found to be rising gradually every month. There was a lull during the Covid pandemic and global slowdown. Prices of real estate have dropped since there are few foreign investors. This is indeed the right time for you to find a property of your choice and invest immediately before the price starts to escalate. Thus, you can gain more profits.
Low property prices
Irrespective of the current economic scenario, Thailand’s property prices are on an average much lower than that of other countries. You may compare prevailing housing prices across the globe. For 120 sq.m. property, the average price in Thailand is $5,266 while in the U.S. it is $17,191, the U.K. $21,179 and Hong Kong $28,570. This price index itself shows that property in this country is quite affordable.
ROI (Return on Investment)
If you are eager to make investments in property here, then you are sure to enjoy high ROI. Over time, the property market has been witnessing a sharp increase. Demand for property, be it vacant land or constructed buildings is quite high among both overseas investors and locals. Thus Indians can invest in the real estate here without any second thought.
