Property prices in Thailand 2019-2020

According to the Bank of Thailand, between 2008 and 2016, the prices of housing in the country increased 1-5% per annum. In 2019, the average residential property price growth ran at 4.9%

The nationals of Australia, the UK, Germany, Russia, as well as the citizens of the Scandinavian and other European countries, prefer buying property in Thailand.

As for the demand seasonality, the most active buyers during the low season are those from Australia, while during the high season Russian buyers are the most active. Russian and European nationals account for the main share of the buyers in the country's real estate market.

Most foreign citizens buy property in the city of Pattaya on the coast of the Gulf of Thailand and the island of Phuket in the Andaman Sea. European nationals and the Thai citizens themselves are interested in buying resort real estate, including for own use.

Pattaya is the most popular tourist resort located a two-hour drive from Bangkok. It has a well-developed entertainment industry: a lot of shows, discos, bars and restaurants. The active sports (windsurfing, paragliding, etc.) aficionados and beach holiday lovers take interest in the local real estate. The most popular properties are condominiums and residential complex apartments, available for purchase under a foreign quota. They are cheaper than homes and easier to rent out or sell.

Villas are not as popular as apartments, but they more often are leasehold. In 2020, residential property prices in Pattaya range from $745/m? to $10,938/m?, depending on many factors such as location, the number of bedrooms, the class of real estate and its proximity to the sea or the city centre. You can buy a one-bedroom sea-view apartment in Pattaya for $100,000-140,000.

The Phuket Island is a favourite holiday spot for divers, water skiers, windsurfers and yachtsmen. In 2020, residential property prices in Phuket average $3,000-3,700/m?. The prices for newly-built studios of about 30 m? start from $100,000 on average, those for one-bedroom apartments - from $150,000.

Another well-known resort -- Rayong -- is located on the coast of the Gulf of Thailand. This city is popular with affluent Thai citizens, and the beaches there are cleaner than in Pattaya. The infrastructure is not developed well enough in Rayong, and the residential property there is difficult to rent out.

Still other famous resorts of Thailand are the Chang and Samui Islands. These locations are less touristy and are good for those who would like to spend a quiet holiday close to the nature.

Property prices in Thailand
Apartments in Thailand sell for $110,000-250,000 on average, homes -- for $150,000-700,000. Property prices are the highest in Bangkok, while in Rayong, Hua Hin and Chonburi they are relatively low.

Tranio LLC

Vissarionos, 4, 10672 Athens, Greece

+30 211 198-60-27
info@tranio.com
https://tranio.com/

Tranio -- an international real estate broker
Following a client's request, we find properties and the best service providers to ensure profitable and safe investments abroad.

What we help clients with
property search;
investment strategy advice;
property and transaction due diligence;
tax structuring;
bank financing;
aftersales service and management;
permanent residence in Europe and the USA;
property sales.
We do not mediate transactions but rather liaise clients directly with our foreign partners that are the best agencies and developers in the country of the intended purchase.

We work without any additional mark-ups for the clients: if you buy your property through us, the price for you would be exactly the same as the one quoted if you contacted our foreign partner directly. This is an essential condition specified in our contracts with all the partners.

We are committed to transparency in business negotiations: all the transaction parties know their roles and functions of the other stakeholders, the names of partners and counterparties are always open for clients.

https://tranio.com/

This release was published on openPR.