A mix of confusion, panic and general widespread disbelief has spread amongst landlords and apartment operators in recent weeks, with the announcement of the new Thai Rental Law. This new set of regulations was announced in the Royal Gazette on Feb 16 and will come into effect on May 1st of this year. Thus leaving the Thai real estate industry…Read More
Recently the spotlight, has been firmly on the “peripheral markets”; neighborhoods outside Bangkok’s Central Business District (CBD), promising outsized and lucrative returns to savvy investors. Areas such as Bangsue, Bangna, and the Riverside have dominated the media’s attention. While the appeal and potential of these peripherals are undoubtable, investors would be gravely mistaken to believe that Bangkok’s CBD no longer…Read More
Transferring Money Procedure While transferring money from overseas for the purchase of a Condominium in Thailand may seem like a mundane process, foreign buyers needs to follow a strict set of guidelines set by the 1991 Condominium Act. Firstly non-residents need to ensure funds for the purchase of a Condominium are transferred from overseas; funds transferred also need to exceed…Read More
Buy-to-let (BTL) Investments follows a simple formula, simply buy property in locations that offer a combination of: – Convenient Commutes (To key areas of the city). – Appealing Lifestyle. – Quality (Possibly Good Value) Accommodation Options. Neighborhoods that are able to fully integrate these 3 lifestyle offerings transform and develop into popular residential hubs and investors inevitably profit. “Capital Appreciation…Read More
Sales and purchase taxes are always primary considerations especially when investing in real estate. Certain countries worldwide, impose tough taxation rules that can quickly erode capital gains and result in sub-standard profits for investors! Interestingly, Thailand offers buyers and sellers an advantageous and a relatively low set of taxes. As a general rule of thumb: “Sellers will typically disburse Taxes…Read More
Bangkok is a bustling and vibrant metropolis, unfortunately when it comes to accommodation and housing the City has become a victim of its own success. Space comes at a premium in Bangkok, especially in the most popular neighborhoods (I.e. Phrom Phong, Thonglor, Silom, etc…). This is largely the result of Developers compromising on spacious layouts in return for higher return-on-investment.…Read More
With even 1-Bedders, in the trendiest neighborhoods such as Thonglor, Phrom Phong and Silom fetching up to 35,000 THB++ per month… Let’s face it, renting a condo in Central Bangkok can be surprisingly expensive. So is it possible to find cheaper rentals in Central Bangkok? Most, definitely! Bangkok’s accommodation options are extremely diverse and rental prices are not always dictated…Read More
Starting a property search in Bangkok can be a daunting and nerve racking experience. The city covers approximately 1500+ Square Kilometers, with hundreds of neighborhoods and literally thousands of condos and houses to choose from! Whether you are looking for an investment or simply a rental property, starting you search online is probably the wisest and most time efficient way…Read More
The Central Group in a Joint Venture with Hong Kong Land a member of the Jardine Matheson Group, are set to acquire the 25-rai (4-hectare) UK Embassy Site. The embassy compound located on Wireless Road and in proximity to the Ploenchit Intersection, is reportedly being sold for a staggering Bt18.6 billion according to The Foreign and Commonwealth office. Several news…Read More
It may come as a surprise to many, however Thailand’s Property Agency Sector is completely unregulated. It is important to note, that local property agents are not regulated by any industry specific legislation and are not required to hold a license! As a result, agencies, freelancers and even part-time agents are popping-up all over Bangkok. Unfortunately, this means property searchers…Read More