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Land and Property Tax Forces Site Owners to Consider Options

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 […]

What’s It Like Renting a Property in Thailand?

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. Terms & Conditions of Rental Agreements Prior […]

Bangkok land prices plateau, new tax on the way

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 […]

Newly launched condo supply continued to rise in Bangkok

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. “Developers need to […]

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 […]

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 […]

Why Should You Invest in the Phuket’s Property Market

Why Should You Invest in the Phuket’s Property Market

Thailand, especially its capital Bangkok, is a famous real estate hotspot, attracting both local and foreign homebuyers and investors. While places like Pattaya, Koh Samui and Phuket are famous tourist destinations, real estate in these coastal areas are growing as well. In fact, the Phuket property market continues to expand as tourists go in and […]

4 Best Locations to Buy a Property in Bangkok

4 Best Locations to Buy a Property in Bangkok

In the Thai property sector and in the real estate industry in general, location is everything. This is particularly true among property buyers within Bangkok and major cities of Thailand. There is more to buying a property that you like – purchasing the right property at the right location. In Bangkok, there many places where […]