Property

Property Sales Plummet in Northern Thailand as Home Buyers Dry Up

Developers in Northern Thailand a bracing for a huge slump in the residential property market as home buyers become fewer and fewer. Furthermore banks are imposing stricter rules on home buyers and denying mortgages. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among home buyers will lead to a continued drop in the property...

What are agents doing to help home-movers stay safe?

Since the government reopened the housing market in England, physical property viewings have restarted for home-movers up and down the country. Estate agents have introduced new working practices to ensure they’re sticking to new government guidelines, so we spoke to two agents to find out how they’re keeping home-movers safe. If your home is currently on the market, or you’re planning to sell...

4 tips to help you buy property right now

It’s natural instinct to delay big spending decisions during times of economic uncertainty. It makes sense on the surface but could actually cost you in the long run. Sellers are more willing to make a deal now and home prices will begin to recover in the coming months. Of course, you can’t simply make a low-ball offer and expect to get the property you’re after. Here are four tips to help you...

Land and Property Tax Forces Site Owners to Consider Options

The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. One of the sectors that will be impacted is vacant land. There are still many unused sites in Bangkok. Owners of these sites will have to start paying significant taxes for the first time once the new land tax comes into effect in January next year. Many of these owners...

What’s It Like Renting a Property in Thailand?

Since formal legislation for rental agreements is not clear-cut in Thailand, existing statutes tend to favor landlords more than tenants. While the contract serves as the binding documents, only the landlord has the privilege to define the terms of rental deposits or call the police to evict tenants. (adsbygoogle = window.adsbygoogle || ).push({}); Terms & Conditions of...

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed on the general economic slowdown and the Land and Buildings Tax that takes effect early...

Bangkok condo launches rise

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply in the second quarter continued to rise in Bangkok, with most launches in June after the political situation became clearer, says property consultant Colliers International Thailand. Despite many negative factors, developers still launched new condo supply in Bangkok in the second quarter, said Phattarachai Taweewong, Colliers' associate director. (adsbygoogle...

New MRT Line Extensions to Trigger Property Development Growth in Bangkok

New MRT Line Extensions to Trigger Property Development Growth in Bangkok

It was recently announced that MRT Dark Blue Line’s two new extensions will finally be scheduled for their first test runs nine years since they were constructed. The Dark Blue Line will become Bangkok’s first circular line after the official opening of new MRT line extensions. The capital of Thailand will subsequently pave the way to more development opportunities. (adsbygoogle =...

Chinese move their purchase power away from Bangkok condo market

Chinese move their purchase power away from Bangkok condo market

Buyers from mainland China are slowing their condo purchases in Bangkok because of the strong baht, overpriced units and a supply glut. Simon Lee, co-founder and president of property brokerage Angel Real Estate Consultancy Co, said overall sales volume of Bangkok condos bought by Chinese buyers will shrink by half this year. "Chinese purchases have been sluggish since late last year after the baht...

Should You Buy an Investment Property in Thailand?

Should You Buy an Investment Property in Thailand?

An investment property, according to Investopedia, is any real estate property bought for the purpose of getting a return on investment (ROI) by selling the property or renting it out. People often purchase investment properties to earn more income or reduce their property tax. If you took an investment loan to buy an investment property in Thailand, the accompanying interest will usually be...

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